Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Price Target at $246.80

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $246.80.

Several analysts have recently commented on the stock. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. UBS Group increased their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Raymond James increased their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $267.16 on Thursday. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 42.95 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $273.82. The firm has a 50-day moving average of $254.25 and a two-hundred day moving average of $221.45.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. On average, research analysts forecast that Jones Lang LaSalle will post 12.54 earnings per share for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in shares of Jones Lang LaSalle by 350.0% in 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 during the period. Massmutual Trust Co. FSB ADV raised its holdings in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $30,000. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $34,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $35,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.