Jones Lang LaSalle (NYSE:JLL) Issues Earnings Results, Beats Expectations By $0.39 EPS

Jones Lang LaSalle (NYSE:JLL) released its earnings results on Wednesday. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39, Zacks reports. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%.

Jones Lang LaSalle Trading Down 0.6 %

Shares of Jones Lang LaSalle stock opened at $281.09 on Wednesday. The business has a 50 day moving average price of $265.23 and a 200 day moving average price of $262.50. The company has a market capitalization of $13.33 billion, a P/E ratio of 28.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle has a 1 year low of $171.45 and a 1 year high of $288.50.

Analyst Ratings Changes

A number of 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 on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus target price of $309.00.

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.