Jones Lang LaSalle Inc (JLL) Given Consensus Rating of “Buy” by Brokerages

Jones Lang LaSalle Inc (NYSE:JLL) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $133.57.

Several analysts recently commented on JLL shares. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Royal Bank of Canada downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, October 3rd.

Shares of Jones Lang LaSalle (NYSE:JLL) traded down $3.02 during trading on Thursday, hitting $145.48. 407,992 shares of the stock traded hands, compared to its average volume of 297,777. Jones Lang LaSalle has a fifty-two week low of $97.60 and a fifty-two week high of $155.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $6,794.08, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.91.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.41. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. analysts expect that Jones Lang LaSalle will post 8.31 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be given a $0.37 dividend. This is an increase from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. The ex-dividend date is Wednesday, November 15th. This represents a yield of 0.52%. Jones Lang LaSalle’s dividend payout ratio is 9.92%.

In other Jones Lang LaSalle news, CEO Jeff A. Jacobson sold 6,713 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total transaction of $989,630.46. Following the completion of the transaction, the chief executive officer now owns 4,489 shares in the company, valued at approximately $661,768.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the transaction, the director now owns 35 shares of the company’s stock, valued at approximately $5,226.20. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its position in Jones Lang LaSalle by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after buying an additional 6 shares during the last quarter. Commonwealth Bank of Australia raised its position in Jones Lang LaSalle by 3.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after buying an additional 44 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Jones Lang LaSalle by 3.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $259,000 after buying an additional 77 shares during the last quarter. Pax World Management LLC raised its position in Jones Lang LaSalle by 0.4% during the 2nd quarter. Pax World Management LLC now owns 23,935 shares of the financial services provider’s stock worth $2,992,000 after buying an additional 100 shares during the last quarter. Finally, AXA raised its position in Jones Lang LaSalle by 2.9% during the 2nd quarter. AXA now owns 4,294 shares of the financial services provider’s stock worth $537,000 after buying an additional 120 shares during the last quarter. Institutional investors own 91.17% of the company’s stock.

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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.

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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