Jones Lang LaSalle Inc. (JLL) Shares Gap Up to $115.27
Jones Lang LaSalle Inc. (NYSE:JLL) gapped up before the market opened on Tuesday . The stock had previously closed at $115.10, but opened at $115.27. Jones Lang LaSalle shares last traded at $117.20, with a volume of 141,749 shares traded.
Several equities research analysts have recently weighed in on JLL shares. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Barclays PLC cut their target price on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a research report on Thursday, August 18th. JMP Securities reissued a “buy” rating on shares of Jones Lang LaSalle in a research report on Wednesday, June 8th. Goldman Sachs Group Inc. raised Jones Lang LaSalle from a “neutral” rating to a “buy” rating and set a $141.00 target price on the stock in a research report on Friday, May 20th. Finally, Keefe, Bruyette & Woods started coverage on Jones Lang LaSalle in a research report on Monday, May 16th. They set an “outperform” rating and a $131.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $156.83.
The stock has a market cap of $5.25 billion and a P/E ratio of 12.85. The company has a 50-day moving average of $109.86 and a 200-day moving average of $111.94.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.09. During the same quarter in the prior year, the company earned $2.05 earnings per share. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.47 billion. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts expect that Jones Lang LaSalle Inc. will post $9.44 EPS for the current year.
In related news, Director Piazza Samuel A. Jr. Di bought 2,200 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was bought at an average price of $112.00 per share, with a total value of $246,400.00. Following the completion of the transaction, the director now directly owns 2,763 shares of the company’s stock, valued at $309,456. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Several large investors recently modified their holdings of JLL. Airain ltd bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at $1,038,000. Trexquant Investment LP increased its stake in shares of Jones Lang LaSalle by 37.1% in the fourth quarter. Trexquant Investment LP now owns 8,640 shares of the company’s stock valued at $1,381,000 after buying an additional 2,340 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Jones Lang LaSalle by 17.1% in the fourth quarter. Advisors Asset Management Inc. now owns 11,051 shares of the company’s stock valued at $1,767,000 after buying an additional 1,611 shares during the last quarter.
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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