Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Target Price at $216.67

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $223.33.

JLL has been the subject of several research reports. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Jefferies Financial Group began coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target for the company. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 21st. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new position in Jones Lang LaSalle during the first quarter worth $30,000. Atlas Capital Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $35,000. Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $38,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $47,000. Finally, LRI Investments LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $58,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $203.73 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $9.69 billion, a P/E ratio of 32.75 and a beta of 1.38. The company’s 50 day moving average price is $199.76 and its two-hundred day moving average price is $188.88. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $213.33.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.93. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. On average, analysts expect that Jones Lang LaSalle will post 12.36 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

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.