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

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $350.7143.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday. Wall Street Zen cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. UBS Group lifted their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Barclays assumed coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price on the stock.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total value of $1,651,650.00. Following the completion of the transaction, the chief executive officer directly owned 134,685 shares in the company, valued at approximately $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new stake in Jones Lang LaSalle in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 worth $34,000 after purchasing an additional 100 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $38,000. Finally, Quent Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $41,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 1.0%

JLL stock opened at $349.87 on Friday. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $356.57. The business has a 50-day simple moving average of $324.92 and a 200 day simple moving average of $300.45. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $16.51 billion, a PE ratio of 26.83 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period last year, the firm earned $3.50 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

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.