Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Price Target at $305.00

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $305.00.

JLL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 13th. Citigroup decreased their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Finally, UBS Group decreased their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, April 11th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Private Trust Co. NA increased its position in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter worth $33,000. SVB Wealth LLC acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at $38,000. Western Pacific Wealth Management LP purchased a new position in Jones Lang LaSalle in the first quarter valued at about $41,000. Finally, Principal Securities Inc. lifted its stake in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $237.36 on Tuesday. The stock’s 50 day moving average price is $226.36 and its 200 day moving average price is $247.82. The firm has a market cap of $11.27 billion, a P/E ratio of 21.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

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.