Jones Lang LaSalle Inc (NYSE:JLL) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $175.40.
A number of research firms recently weighed in on JLL. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. ValuEngine downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th.
JLL opened at $131.00 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.92 and a current ratio of 1.92. Jones Lang LaSalle has a fifty-two week low of $125.02 and a fifty-two week high of $178.75. The stock has a market cap of $6.57 billion, a P/E ratio of 14.51, a PEG ratio of 1.28 and a beta of 1.63.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm earned $2.17 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle will post 10.26 EPS for the current fiscal year.
In related news, CEO Guy Grainger sold 200 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $154.94, for a total transaction of $30,988.00. Following the completion of the sale, the chief executive officer now owns 1,341 shares in the company, valued at $207,774.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.63% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of JLL. American Century Companies Inc. increased its holdings in Jones Lang LaSalle by 233.6% during the second quarter. American Century Companies Inc. now owns 280,550 shares of the financial services provider’s stock worth $46,568,000 after buying an additional 196,456 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Jones Lang LaSalle by 28.3% in the second quarter. Janus Henderson Group PLC now owns 880,093 shares of the financial services provider’s stock worth $146,087,000 after purchasing an additional 194,296 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Jones Lang LaSalle by 153.8% in the second quarter. Wells Fargo & Company MN now owns 267,364 shares of the financial services provider’s stock worth $44,380,000 after purchasing an additional 162,016 shares in the last quarter. Morgan Stanley increased its stake in shares of Jones Lang LaSalle by 73.0% in the second quarter. Morgan Stanley now owns 363,459 shares of the financial services provider’s stock worth $60,330,000 after purchasing an additional 153,317 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Jones Lang LaSalle by 3.0% in the second quarter. BlackRock Inc. now owns 4,929,817 shares of the financial services provider’s stock worth $818,299,000 after purchasing an additional 143,843 shares in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.
About Jones Lang LaSalle
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, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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