Brokerages Set Jones Lang LaSalle Inc (JLL) Target Price at $175.40

Shares of Jones Lang LaSalle Inc (NYSE:JLL) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $175.40.

Several research analysts have weighed in on JLL shares. ValuEngine lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, August 20th.

Shares of JLL stock traded down $2.79 during trading hours on Friday, reaching $140.86. 3,859 shares of the stock traded hands, compared to its average volume of 333,918. Jones Lang LaSalle has a 1-year low of $127.02 and a 1-year 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 1.92. The firm has a market capitalization of $6.47 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.26 and a beta of 1.56.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results 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. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle will post 10.25 EPS 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 $0.41 dividend. The ex-dividend date is Thursday, November 15th. This represents a yield of 0.56%. Jones Lang LaSalle’s dividend payout ratio is presently 8.95%.

In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $154.94, for a total value of $30,988.00. Following the transaction, the chief executive officer now owns 1,341 shares in the company, valued at approximately $207,774.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.63% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in Jones Lang LaSalle by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 565,992 shares of the financial services provider’s stock worth $81,682,000 after acquiring an additional 11,413 shares in the last quarter. Janus Henderson Group PLC grew its position in Jones Lang LaSalle by 12.8% in the third quarter. Janus Henderson Group PLC now owns 992,580 shares of the financial services provider’s stock worth $143,249,000 after acquiring an additional 112,487 shares in the last quarter. AXA grew its position in Jones Lang LaSalle by 96.5% in the third quarter. AXA now owns 12,583 shares of the financial services provider’s stock worth $1,816,000 after acquiring an additional 6,180 shares in the last quarter. Royal London Asset Management Ltd. grew its position in Jones Lang LaSalle by 133.5% in the third quarter. Royal London Asset Management Ltd. now owns 7,844 shares of the financial services provider’s stock worth $1,132,000 after acquiring an additional 4,484 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in Jones Lang LaSalle by 76.9% in the third quarter. Campbell & CO Investment Adviser LLC now owns 2,300 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,000 shares in the last quarter. 94.06% of the stock is 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, 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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