Jones Lang LaSalle Sets New 1-Year High at $128.23 (JLL)
Shares of Jones Lang LaSalle (NYSE:JLL) hit a new 52-week high on Wednesday , StockRatingsNetwork reports. The stock traded as high as $128.23 and last traded at $128.10, with a volume of 151,886 shares trading hands. The stock had previously closed at $126.18.
A number of research firms have recently commented on JLL. Analysts at Zacks reiterated a “neutral” rating on shares of Jones Lang LaSalle in a research note on Wednesday, June 18th. They now have a $130.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Jones Lang LaSalle from $121.00 to $128.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $124.93.
The stock’s 50-day moving average is $123.6 and its 200-day moving average is $117.5. The company has a market cap of $5.713 billion and a P/E ratio of 20.90.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $962.87 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts expect that Jones Lang LaSalle will post $7.26 EPS for the current fiscal year.
In other Jones Lang LaSalle news, CEO Colin Dyer unloaded 4,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $126.86, for a total transaction of $570,870.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Jones Lang LaSalle Incorporated (NYSE:JLL) is a financial and professional services firm specializing in real estate.
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