Jones Lang LaSalle (NYSE:JLL) Sets New 1-Year High – Should You Buy?

Jones Lang LaSalle Incorporated (NYSE:JLL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $280.63 and last traded at $279.82, with a volume of 474654 shares trading hands. The stock had previously closed at $267.86.

Analyst Ratings Changes

JLL has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Stock Performance

The stock has a market capitalization of $12.59 billion, a PE ratio of 33.06 and a beta of 1.37. The business has a 50 day moving average price of $262.45 and a 200 day moving average price of $231.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 12.59 earnings per share for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the second quarter valued at $34,000. UMB Bank n.a. boosted its position in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after buying an additional 105 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Jones Lang LaSalle during the third quarter valued at $37,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Finally, Mather Group LLC. boosted its position in shares of Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after buying an additional 219 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

About Jones Lang LaSalle

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.