Jones Lang LaSalle Incorporated (NYSE:JLL) has been given a consensus rating of “Buy” by the eleven research firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $133.43.

A number of analysts have issued reports on the company. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $132.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. BidaskClub lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 target price on the stock. Finally, ValuEngine lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

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In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $125.80, for a total value of $125,800.00. Following the completion of the transaction, the director now owns 47,417 shares in the company, valued at $5,965,058.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 3,000 shares of company stock valued at $361,240. Insiders own 0.72% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Jones Lang LaSalle by 2,744.5% in the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock valued at $484,647,000 after buying an additional 4,195,662 shares during the period. Vanguard Group Inc. increased its position in Jones Lang LaSalle by 2.4% in the second quarter. Vanguard Group Inc. now owns 3,800,003 shares of the financial services provider’s stock valued at $475,000,000 after buying an additional 89,697 shares during the period. State Street Corp increased its position in Jones Lang LaSalle by 3.2% in the first quarter. State Street Corp now owns 1,441,208 shares of the financial services provider’s stock valued at $160,620,000 after buying an additional 44,110 shares during the period. TCW Group Inc. increased its position in Jones Lang LaSalle by 4.7% in the first quarter. TCW Group Inc. now owns 837,533 shares of the financial services provider’s stock valued at $93,343,000 after buying an additional 37,224 shares during the period. Finally, William Blair Investment Management LLC increased its position in Jones Lang LaSalle by 4.4% in the second quarter. William Blair Investment Management LLC now owns 605,765 shares of the financial services provider’s stock valued at $75,721,000 after buying an additional 25,387 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

Shares of Jones Lang LaSalle (NYSE JLL) traded down 0.52% on Friday, reaching $120.68. The company had a trading volume of 159,233 shares. Jones Lang LaSalle has a 1-year low of $86.62 and a 1-year high of $134.76. The stock has a market capitalization of $5.47 billion, a P/E ratio of 18.22 and a beta of 1.81. The company’s 50 day moving average price is $125.69 and its 200-day moving average price is $115.61.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 earnings per share. Equities analysts predict that Jones Lang LaSalle will post $8.08 EPS for the current year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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