Jones Lang LaSalle Incorporated (NYSE:JLL) Given Consensus Rating of “Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $309.00.

Several equities research analysts recently weighed in on JLL shares. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th.

Hedge Funds Weigh In On Jones Lang LaSalle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. Truist Financial Corp lifted its position in Jones Lang LaSalle by 58.9% during the second quarter. Truist Financial Corp now owns 4,482 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 1,661 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Jones Lang LaSalle during the second quarter valued at approximately $484,000. CWM LLC lifted its position in Jones Lang LaSalle by 4.0% during the third quarter. CWM LLC now owns 1,597 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 62 shares during the last quarter. UMB Bank n.a. raised its position in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in Jones Lang LaSalle during the third quarter valued at about $568,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 0.8 %

JLL opened at $277.31 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 28.04 and a beta of 1.36. Jones Lang LaSalle has a twelve month low of $169.05 and a twelve month high of $288.50. The company’s 50-day moving average price is $264.66 and its two-hundred day moving average price is $261.37.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.