Shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) have received a consensus rating of "Buy" from the seven brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $301.57.
A number of brokerages recently weighed in on JLL. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research report on Monday, November 25th.
View Our Latest Stock Analysis on Jones Lang LaSalle
Several institutional investors and hedge funds have recently made changes to their positions in JLL. FMR LLC increased its position in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock worth $952,624,000 after acquiring an additional 459,466 shares during the period. SG Americas Securities LLC grew its position in shares of Jones Lang LaSalle by 7,967.8% during the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after purchasing an additional 275,606 shares in the last quarter. Select Equity Group L.P. bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $55,152,000. International Assets Investment Management LLC boosted its stake in shares of Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock valued at $39,456,000 after buying an additional 146,150 shares during the period. Finally, Artemis Investment Management LLP grew its position in Jones Lang LaSalle by 43.0% during the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider's stock worth $89,446,000 after buying an additional 99,613 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Shares of JLL stock opened at $261.62 on Friday. The firm has a market capitalization of $12.41 billion, a P/E ratio of 26.45 and a beta of 1.36. The firm's fifty day moving average price is $262.20 and its two-hundred day moving average price is $254.35. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a 1 year low of $168.13 and a 1 year high of $288.50.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the company earned $2.01 earnings per share. The business's revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle will post 13.6 EPS for the current fiscal year.
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.
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