Jones Lang LaSalle Inc (NYSE:JLL) Receives $181.00 Consensus Price Target from Analysts

Shares of Jones Lang LaSalle Inc (NYSE:JLL) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $174.21.

A number of equities research analysts have weighed in on JLL shares. Barclays set a €45.00 ($52.33) price objective on Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th. Goldman Sachs Group set a €63.00 ($73.26) price objective on Lanxess and gave the company a “buy” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods downgraded Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 17th. ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, DA Davidson started coverage on Western New England Bancorp in a report on Thursday, July 11th. They set a “neutral” rating and a $10.00 price objective on the stock.

NYSE JLL traded down $0.52 during trading on Friday, hitting $139.71. 3,157 shares of the company traded hands, compared to its average volume of 535,519. Jones Lang LaSalle has a 12 month low of $119.79 and a 12 month high of $174.42. The business’s fifty day simple moving average is $135.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $6.38 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.33 and a beta of 1.74.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.20. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. Jones Lang LaSalle had a return on equity of 15.36% and a net margin of 2.81%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle will post 11.61 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of JLL. NEXT Financial Group Inc boosted its stake in shares of Jones Lang LaSalle by 961.9% during the 2nd quarter. NEXT Financial Group Inc now owns 892 shares of the financial services provider’s stock worth $125,000 after buying an additional 808 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Jones Lang LaSalle by 31.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 67,858 shares of the financial services provider’s stock worth $9,547,000 after buying an additional 16,261 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Jones Lang LaSalle by 8.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the financial services provider’s stock valued at $1,829,000 after purchasing an additional 1,000 shares during the period. First National Bank of Omaha raised its holdings in shares of Jones Lang LaSalle by 46.6% in the 2nd quarter. First National Bank of Omaha now owns 34,424 shares of the financial services provider’s stock valued at $4,843,000 after purchasing an additional 10,950 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Jones Lang LaSalle by 4.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 23,116 shares of the financial services provider’s stock valued at $3,564,000 after purchasing an additional 914 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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