Jones Lang LaSalle Inc (JLL) Receives $172.00 Average Target Price from Brokerages

Shares of Jones Lang LaSalle Inc (NYSE:JLL) have been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $172.00.

A number of brokerages have issued reports on JLL. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research note on Tuesday, November 13th. ValuEngine upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Barclays lifted their price objective on Jones Lang LaSalle from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, November 16th.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Jones Lang LaSalle by 6.6% in the third quarter. Vanguard Group Inc. now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after purchasing an additional 432,487 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Jones Lang LaSalle by 233.6% in the second quarter. American Century Companies Inc. now owns 280,550 shares of the financial services provider’s stock worth $46,568,000 after purchasing an additional 196,456 shares during the last quarter. Janus Henderson Group PLC raised 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 during the last quarter. FMR LLC raised its stake in shares of Jones Lang LaSalle by 55.9% in the third quarter. FMR LLC now owns 496,364 shares of the financial services provider’s stock worth $71,635,000 after purchasing an additional 177,922 shares during the last quarter. Finally, Wells Fargo & Company MN raised 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 during the last quarter. Institutional investors and hedge funds own 94.36% of the company’s stock.

JLL opened at $143.20 on Thursday. The company has a market capitalization of $6.53 billion, a PE ratio of 12.82, a PEG ratio of 1.20 and a beta of 1.56. Jones Lang LaSalle has a 52 week low of $127.02 and a 52 week high of $178.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.89 and a quick ratio of 1.89.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.71. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Jones Lang LaSalle had a return on equity of 14.87% and a net margin of 2.59%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 earnings per share. As a group, research analysts expect that Jones Lang LaSalle will post 10.81 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.41 per share. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 15th. Jones Lang LaSalle’s payout ratio is 8.95%.

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, 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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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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