Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $433.60.

A number of equities analysts recently commented on the company. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Finally, Barclays boosted their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $340.60 on Thursday. The company has a market cap of $15.67 billion, a P/E ratio of 16.32 and a beta of 1.24. Jones Lang LaSalle has a 52-week low of $259.83 and a 52-week high of $393.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The firm’s fifty day moving average is $353.77 and its two-hundred day moving average is $324.70.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, analysts anticipate that Jones Lang LaSalle will post 25.05 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,000 shares of company stock valued at $2,271,060. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its position in Jones Lang LaSalle by 47.9% during the second quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock valued at $24,306,000 after purchasing an additional 25,413 shares during the period. Empirical Finance LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $575,000. Nykredit A S bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at approximately $521,000. Groupe la Francaise increased its position in shares of Jones Lang LaSalle by 6.2% during the 2nd quarter. Groupe la Francaise now owns 1,766 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 103 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at $1,150,000. 94.80% of the stock is owned by institutional investors.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE:JLL), operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.