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

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $342.1429.

Several research firms recently weighed in on JLL. Barclays assumed coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. UBS Group upped their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group boosted their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th.

Jones Lang LaSalle Trading Down 2.5%

NYSE:JLL opened at $319.56 on Tuesday. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $335.83. The firm has a 50-day moving average price of $305.86 and a two-hundred day moving average price of $282.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 24.51 and a beta of 1.44.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.Jones Lang LaSalle’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. On average, equities analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 4,664 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $330.36, for a total transaction of $1,540,799.04. Following the completion of the transaction, the chief executive officer owned 119,781 shares in the company, valued at $39,570,851.16. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 14,904 shares of company stock worth $4,922,851 over the last quarter. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Jones Lang LaSalle

Institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. purchased a new position in shares of Jones Lang LaSalle in the third quarter valued at $25,000. Chilton Capital Management LLC bought a new position in Jones Lang LaSalle in the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth about $38,000. Finally, Caldwell Trust Co bought a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $38,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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.