Jones Lang LaSalle (NYSE:JLL) has been assigned a $158.00 price objective by equities researchers at Wedbush in a report issued on Monday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Wedbush’s target price points to a potential upside of 4.95% from the company’s previous close.
Other equities research analysts have also issued reports about the company. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Monday, February 5th. JMP Securities lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Raymond James Financial started coverage on Jones Lang LaSalle in a research report on Tuesday, February 6th. They set an “outperform” rating and a $175.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $151.38.
Jones Lang LaSalle (JLL) traded up $0.33 during mid-day trading on Monday, hitting $150.55. The company had a trading volume of 38,700 shares, compared to its average volume of 262,204. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.34. The firm has a market cap of $6,816.06, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.42 and a beta of 1.85. Jones Lang LaSalle has a twelve month low of $101.83 and a twelve month high of $158.82.
In other Jones Lang LaSalle news, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total value of $989,630.46. Following the sale, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at $661,768.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the completion of the sale, the director now directly owns 35 shares in the company, valued at $5,226.20. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC increased its position in Jones Lang LaSalle by 814.6% in the fourth quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock worth $121,000 after buying an additional 725 shares during the period. M&T Bank Corp acquired a new stake in Jones Lang LaSalle in the second quarter worth $206,000. Parametrica Management Ltd acquired a new stake in Jones Lang LaSalle in the third quarter worth $212,000. Levin Capital Strategies L.P. acquired a new stake in Jones Lang LaSalle in the fourth quarter worth $223,000. Finally, Magnetar Financial LLC acquired a new stake in Jones Lang LaSalle in the third quarter worth $233,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.
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Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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