Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $174.00 Average Target Price from Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received an average rating of “Hold” from the four research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $174.00.

JLL has been the subject of a number of analyst reports. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Raymond James raised their price target on Jones Lang LaSalle from $173.00 to $199.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

Jones Lang LaSalle Stock Up 0.7 %

NYSE:JLL opened at $195.15 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market cap of $9.26 billion, a PE ratio of 41.88 and a beta of 1.42. Jones Lang LaSalle has a 52-week low of $119.46 and a 52-week high of $196.61. The stock has a 50-day simple moving average of $183.20 and a 200 day simple moving average of $165.12.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. Jones Lang LaSalle’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $4.36 earnings per share. On average, sell-side analysts expect that Jones Lang LaSalle will post 11.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its stake in Jones Lang LaSalle by 61.3% in the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 57 shares during the period. Brown Brothers Harriman & Co. bought a new position in Jones Lang LaSalle during the first quarter worth about $46,000. Strategic Investment Solutions Inc. IL bought a new position in Jones Lang LaSalle during the first quarter worth about $29,000. Exchange Traded Concepts LLC increased its position in Jones Lang LaSalle by 78.7% during the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 96 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new stake in Jones Lang LaSalle during the 4th quarter valued at $47,000. 94.80% of the stock is currently owned by institutional investors.

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.