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

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $363.1667.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. UBS Group upped their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th.

Jones Lang LaSalle Stock Up 0.3%

Jones Lang LaSalle stock opened at $303.82 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $325.26 and a 200 day simple moving average of $318.22. The company has a market cap of $14.23 billion, a P/E ratio of 18.51 and a beta of 1.42. Jones Lang LaSalle has a 1-year low of $194.36 and a 1-year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.25 by $1.46. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.Jones Lang LaSalle’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.15 earnings per share. Research analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jones Lang LaSalle

Several large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $29,000. Activest Wealth Management boosted its holdings in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Jones Lang LaSalle in the 4th quarter worth $35,000. Finally, Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at about $38,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.