Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $363.17 Average Price Target from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $363.1667.

JLL has been the topic of several analyst reports. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. UBS Group lifted their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, Barclays dropped their price objective on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th.

Insider Activity at Jones Lang LaSalle

In related news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Several institutional investors have recently added to or reduced their stakes in JLL. Equity Investment Corp bought a new position in Jones Lang LaSalle in the 3rd quarter valued at $72,132,000. Hennessy Advisors Inc. bought a new stake in shares of Jones Lang LaSalle during the third quarter worth $40,417,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Jones Lang LaSalle during the third quarter valued at $1,143,000. FJ Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 38.5% in the second quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock worth $5,717,000 after purchasing an additional 6,214 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Jones Lang LaSalle by 388.0% in the third quarter. Pacer Advisors Inc. now owns 8,653 shares of the financial services provider’s stock worth $2,581,000 after purchasing an additional 6,880 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $299.54 on Thursday. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $363.06. The firm has a market capitalization of $14.03 billion, a P/E ratio of 18.25 and a beta of 1.42. The company has a fifty day simple moving average of $322.19 and a two-hundred day simple moving average of $318.19. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10.

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

About Jones Lang LaSalle

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.