Jones Lang LaSalle Inc. Hits New 52-Week High at $104.80 (JLL)
Shares of Jones Lang LaSalle (NYSE:JLL) hit a new 52-week high during trading hours on Monday, American Banking & Market News reports. The company traded as high as $104.80 and last traded at $103.97, with a volume of 280,329 shares trading hands. The stock had previously closed at $104.00.
A number of research firms have recently commented on JLL. Analysts at Zacks upgraded shares of Jones Lang LaSalle from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $98.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $98.00 to $102.00 in a research note to investors on Tuesday, October 29th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $89.70.
In other Jones Lang LaSalle news, CEO Colin Dyer unloaded 3,000 shares of Jones Lang LaSalle stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $101.94, for a total value of $305,820.00. Following the completion of the sale, the chief executive officer now directly owns 87,772 shares of the company’s stock, valued at approximately $8,947,478. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Jones Lang LaSalle has a 52-week low of $80.86 and a 52-week high of $104.33. The stock’s 50-day moving average is $100.4 and its 200-day moving average is $92.04. The company has a market cap of $4.632 billion and a P/E ratio of 20.46.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Monday, October 28th. The company reported $1.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.86. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company posted $1.23 earnings per share. Jones Lang LaSalle’s revenue was up 16.6% compared to the same quarter last year. On average, analysts predict that Jones Lang LaSalle will post $6.13 earnings per share for the current fiscal year.
Jones Lang LaSalle Incorporated (NYSE:JLL), is a financial and professional services firm specializing in real estate.
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