Shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Free Report) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $301.57.
Several brokerages have issued reports on JLL. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th.
Institutional Inflows and Outflows
Jones Lang LaSalle Trading Down 0.6 %
NYSE JLL opened at $269.27 on Friday. The stock has a market capitalization of $12.77 billion, a P/E ratio of 27.23 and a beta of 1.36. The business has a 50 day simple moving average of $262.11 and a 200 day simple moving average of $256.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle has a one year low of $168.36 and a one year high of $288.50.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 earnings per share. Research analysts expect that Jones Lang LaSalle will post 13.61 earnings per share for the current year.
About Jones Lang LaSalle
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.
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