Jones Lang LaSalle (JLL) Given a $158.00 Price Target at Wedbush

Jones Lang LaSalle (NYSE:JLL) has been given a $158.00 price target by stock analysts at Wedbush in a research note issued on Monday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Wedbush’s price objective suggests a potential upside of 3.97% from the stock’s previous close.

Several other analysts have also issued reports on JLL. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Monday, February 5th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Raymond James Financial assumed coverage on Jones Lang LaSalle in a research note on Tuesday, February 6th. They issued an “outperform” rating and a $175.00 target price on the stock. William Blair restated an “outperform” rating on shares of Jones Lang LaSalle in a research note on Friday, February 2nd. Finally, JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Jones Lang LaSalle has an average rating of “Buy” and an average price target of $151.38.

Shares of Jones Lang LaSalle (JLL) traded up $1.75 on Monday, hitting $151.97. The company’s stock had a trading volume of 426,102 shares, compared to its average volume of 276,393. The company has a market capitalization of $6,816.06, a price-to-earnings ratio of 27.38, a PEG ratio of 1.42 and a beta of 1.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.34. Jones Lang LaSalle has a 52-week low of $101.83 and a 52-week high of $158.82.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.22 by $0.70. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.29 billion. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.95 earnings per share. equities analysts forecast that Jones Lang LaSalle will post 9.62 EPS for the current year.

In related news, CEO Jeff A. Jacobson sold 6,713 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the sale, the chief executive officer now directly owns 4,489 shares in the company, valued at approximately $661,768.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $149.32, for a total value of $1,000,593.32. Following the sale, the director now owns 35 shares in the company, valued at $5,226.20. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Jones Lang LaSalle by 4.7% during the fourth quarter. BlackRock Inc. now owns 4,460,055 shares of the financial services provider’s stock worth $664,236,000 after buying an additional 202,060 shares in the last quarter. Atlanta Capital Management Co. L L C grew its position in Jones Lang LaSalle by 5.7% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,549,343 shares of the financial services provider’s stock worth $230,744,000 after buying an additional 83,657 shares in the last quarter. TCW Group Inc. grew its position in Jones Lang LaSalle by 3.3% during the third quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock worth $110,545,000 after buying an additional 28,263 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Jones Lang LaSalle by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 628,395 shares of the financial services provider’s stock worth $77,608,000 after buying an additional 55,020 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Jones Lang LaSalle by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock worth $75,070,000 after buying an additional 12,871 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

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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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