Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Has Average Target Price of $427.60 According to Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $427.60.

Several analysts recently commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Wall Street Zen cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Barclays raised their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The transaction 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. In the last quarter, insiders have sold 6,000 shares of company stock valued at $2,271,060. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Jones Lang LaSalle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $26,000. Johnson Financial Group Inc. purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $34,000. Reyes Financial Architecture Inc. bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $35,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $38,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Jones Lang LaSalle in the second quarter worth $63,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 3.9%

Shares of JLL stock opened at $375.00 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. Jones Lang LaSalle has a 12-month low of $259.83 and a 12-month high of $395.79. The stock has a market capitalization of $17.13 billion, a P/E ratio of 16.23 and a beta of 1.29. The firm’s 50 day moving average is $330.70 and its 200 day moving average is $325.13.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share for the quarter, beating analysts’ consensus estimates of $6.15 by $0.61. The business had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.24 billion. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.50 EPS. Research analysts expect that Jones Lang LaSalle will post 25.16 earnings per share for the current year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

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