Jones Lang LaSalle Price Target Increased to $25.50 by Analysts at Goldman Sachs Group Inc. (JLL)
Equities researchers at Goldman Sachs Group Inc. increased their price target on shares of Jones Lang LaSalle (NYSE:JLL) from $24.00 to $25.50 in a research report issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a “sell” rating on the stock. Goldman Sachs Group Inc.’s price objective would indicate a potential downside of 69.95% from the company’s current price.
A number of other analysts have also recently weighed in on JLL. Analysts at Zacks downgraded shares of Jones Lang LaSalle from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 5th. They now have a $76.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $81.13.
Jones Lang LaSalle (NYSE:JLL) traded up 1.05% on Thursday, hitting $84.86. The stock had a trading volume of 377,162 shares. Jones Lang LaSalle has a one year low of $72.56 and a one year high of $101.46. The stock’s 50-day moving average is $85.7 and its 200-day moving average is $91.49. The company has a market cap of $3.771 billion and a price-to-earnings ratio of 17.49.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.42 by $0.27. The company had revenue of $989.00 million for the quarter, compared to the consensus estimate of $982.65 million. During the same quarter last year, the company posted $1.13 earnings per share. Jones Lang LaSalle’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Jones Lang LaSalle will post $5.97 EPS for the current fiscal year.
Jones Lang LaSalle Incorporated (NYSE:JLL), is a financial and professional services firm specializing in real estate.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.