Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Target Price at $301.57

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given an average recommendation of “Buy” by the seven research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $301.57.

JLL has been the topic of several research analyst reports. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its stake in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after purchasing an additional 459,466 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Jones Lang LaSalle by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after buying an additional 26,814 shares during the period. State Street Corp boosted its stake in Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock valued at $384,164,000 after buying an additional 6,304 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock worth $215,419,000 after acquiring an additional 181,246 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock valued at $242,641,000 after acquiring an additional 53,066 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Down 1.0 %

Shares of NYSE:JLL opened at $252.11 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $11.96 billion, a PE ratio of 25.49 and a beta of 1.34. Jones Lang LaSalle has a 1 year low of $167.11 and a 1 year high of $288.50. The firm has a fifty day moving average price of $267.76 and a 200 day moving average price of $249.65.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the firm posted $2.01 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts expect that Jones Lang LaSalle will post 13.37 EPS for the current fiscal year.

Jones Lang LaSalle Company Profile

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.