Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Recommendation of “Buy” from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $170.00.

Several research analysts have issued reports on JLL shares. JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Thursday, May 6th. Raymond James raised their price target on shares of Jones Lang LaSalle from $186.00 to $198.00 and gave the company an “outperform” rating in a report on Tuesday, April 27th.

In other news, CEO Richard Bloxam sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $200.04, for a total value of $300,060.00. Following the sale, the chief executive officer now directly owns 12,111 shares in the company, valued at approximately $2,422,684.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in JLL. Grant Street Asset Management Inc. purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $25,000. Regent Peak Wealth Advisors LLC purchased a new position in Jones Lang LaSalle during the 4th quarter worth approximately $30,000. Arkadios Wealth Advisors purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $31,000. Allred Capital Management LLC purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $39,000. Finally, Advisors Asset Management Inc. purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $40,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Shares of JLL traded up $1.86 during midday trading on Friday, hitting $210.38. The stock had a trading volume of 1,244 shares, compared to its average volume of 366,284. Jones Lang LaSalle has a 1 year low of $87.67 and a 1 year high of $212.95. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.87 and a beta of 1.41. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $193.14.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, May 5th. The financial services provider reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $1.44. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 10.66%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, sell-side analysts predict that Jones Lang LaSalle will post 12.25 earnings per share for the current year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in America's, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt placement, loan sales, equity placement, loan servicing, funds advisory, merger and acquisition, corporate advisory, and investment sales and acquisitions services.

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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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