Jones Lang LaSalle Incorporated (NYSE:JLL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $206.00.

JLL has been the subject of several recent analyst reports. StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price for the company. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Finally, TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $173.57 on Thursday. The firm has a fifty day moving average price of $186.66 and a two-hundred day moving average price of $168.82. Jones Lang LaSalle has a fifty-two week low of $119.46 and a fifty-two week high of $200.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $8.24 billion, a PE ratio of 37.25 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.53. The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.36 earnings per share. Analysts expect that Jones Lang LaSalle will post 11.98 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors have recently made changes to their positions in JLL. Artemis Investment Management LLP bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $32,639,000. DGS Capital Management LLC bought a new stake in Jones Lang LaSalle in the 1st quarter valued at $341,000. Atlas Capital Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter worth $35,000. Riverview Trust Co bought a new position in Jones Lang LaSalle during the 1st quarter worth about $38,000. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter valued at about $435,000. 94.80% of the stock is owned by institutional investors and hedge funds.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.