Jones Lang LaSalle Inc (NYSE:JLL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Jones Lang LaSalle Inc (NYSE:JLL) have been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $174.32.

JLL has been the topic of several recent analyst reports. UBS Group upgraded shares of Jones Lang LaSalle from a “neutral” rating to a “buy” rating and upped their target price for the stock from $173.00 to $175.00 in a research report on Tuesday, July 30th. DA Davidson initiated coverage on shares of Jones Lang LaSalle in a research report on Thursday, July 11th. They set a “buy” rating on the stock. Barclays restated a “buy” rating and set a $181.00 target price on shares of Jones Lang LaSalle in a research report on Tuesday, April 16th. JPMorgan Chase & Co. initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 17th. They set an “overweight” rating and a $140.23 target price on the stock. Finally, Compass Point initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 10th. They set a “buy” rating and a $180.00 target price on the stock.

JLL traded down $1.91 on Tuesday, hitting $141.50. 273,452 shares of the company were exchanged, compared to its average volume of 383,998. The company has a quick ratio of 2.01, a current ratio of 1.95 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $140.63. Jones Lang LaSalle has a fifty-two week low of $119.79 and a fifty-two week high of $173.32. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.35 and a beta of 1.75.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.61. Jones Lang LaSalle had a net margin of 2.76% and a return on equity of 15.79%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business posted $2.26 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that Jones Lang LaSalle will post 12.13 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Jones Lang LaSalle by 2.1% in the first quarter. BlackRock Inc. now owns 4,854,392 shares of the financial services provider’s stock valued at $748,451,000 after purchasing an additional 101,492 shares in the last quarter. AJO LP lifted its holdings in shares of Jones Lang LaSalle by 18.7% in the first quarter. AJO LP now owns 981,606 shares of the financial services provider’s stock valued at $151,344,000 after purchasing an additional 154,443 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Jones Lang LaSalle by 1.0% in the first quarter. Clearbridge Investments LLC now owns 888,782 shares of the financial services provider’s stock valued at $137,032,000 after purchasing an additional 8,678 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Jones Lang LaSalle by 3.9% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 818,754 shares of the financial services provider’s stock valued at $126,235,000 after purchasing an additional 31,054 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Jones Lang LaSalle by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 765,479 shares of the financial services provider’s stock valued at $96,926,000 after buying an additional 34,602 shares during the period. 92.02% of the stock is currently owned by institutional investors.

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, 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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