Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) Price Target at $394.00

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $394.00.

A number of analysts have issued reports on JLL shares. UBS Group raised their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Barclays raised their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th.

Jones Lang LaSalle Stock Down 1.1%

Jones Lang LaSalle stock opened at $295.76 on Tuesday. The company has a market capitalization of $13.72 billion, a PE ratio of 15.90 and a beta of 1.29. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $312.04 and its 200 day moving average is $321.05. Jones Lang LaSalle has a 12-month low of $228.48 and a 12-month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Jones Lang LaSalle will post 22.8 EPS for the current fiscal year.

Insider Activity

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s 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 transaction, the director directly owned 14,985 shares in the company, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The disclosure for this sale is available in the SEC filing. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its stake in Jones Lang LaSalle by 449.7% in the first quarter. Glenmede Trust Co. NA now owns 25,676 shares of the financial services provider’s stock worth $7,814,000 after acquiring an additional 21,005 shares during the period. Vestor Capital LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter valued at approximately $3,693,000. Bank of America Corp DE boosted its stake in shares of Jones Lang LaSalle by 1.3% in the first quarter. Bank of America Corp DE now owns 303,446 shares of the financial services provider’s stock worth $92,345,000 after acquiring an additional 3,985 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Jones Lang LaSalle by 291.3% during the 1st quarter. Janus Henderson Group PLC now owns 84,298 shares of the financial services provider’s stock worth $25,680,000 after purchasing an additional 62,753 shares during the period. Finally, Amundi increased its holdings in shares of Jones Lang LaSalle by 54.4% in the 1st quarter. Amundi now owns 81,889 shares of the financial services provider’s stock valued at $24,920,000 after acquiring an additional 28,839 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

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.