Jones Lang LaSalle Incorporated (JLL) – What Are Analysts Thinking About This Stock?

Jones Lang LaSalle Incorporated (NYSE:JLL) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $427.60.

Several research analysts recently commented on JLL shares. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Barclays increased their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th.

Insider Activity

In related news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the transaction, the chief executive officer owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock valued at $2,271,060 in the last ninety days. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth $26,000. Johnson Financial Group Inc. purchased a new position in Jones Lang LaSalle during the second quarter worth about $34,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Manchester Capital Management LLC raised its stake in shares of Jones Lang LaSalle by 3,320.0% in the 4th quarter. Manchester Capital Management LLC now owns 171 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 166 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.0%

JLL stock opened at $300.05 on Monday. Jones Lang LaSalle has a 12-month low of $259.83 and a 12-month high of $393.84. The business’s 50-day moving average is $348.49 and its 200 day moving average is $326.16. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 14.38 and a beta of 1.30.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The business had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. On average, sell-side analysts anticipate that Jones Lang LaSalle will post 25.18 EPS for the current fiscal year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL’s services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.