A number of other equities analysts have also recently commented on the company. Barclays PLC reiterated an overweight rating and issued a $123.00 target price (up previously from $119.00) on shares of Jones Lang LaSalle in a report on Friday, March 3rd. Zacks Investment Research upgraded Jones Lang LaSalle from a sell rating to a hold rating in a report on Thursday, February 9th. Finally, Keefe, Bruyette & Woods cut Jones Lang LaSalle from an outperform rating to a market perform rating and dropped their target price for the stock from $115.00 to $110.00 in a report on Tuesday, December 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $125.00.
Jones Lang LaSalle (NYSE:JLL) traded down 2.21% during trading on Friday, reaching $106.66. The company’s stock had a trading volume of 90,204 shares. Jones Lang LaSalle has a 12-month low of $86.62 and a 12-month high of $125.31. The company has a market capitalization of $4.83 billion, a P/E ratio of 15.28 and a beta of 1.67. The firm’s 50-day moving average price is $111.97 and its 200 day moving average price is $105.86.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Monday, February 6th. The company reported $3.95 EPS for the quarter, topping the Zacks’ consensus estimate of $3.92 by $0.03. The firm earned $2.16 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Jones Lang LaSalle had a return on equity of 13.14% and a net margin of 4.68%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.53 EPS. On average, analysts predict that Jones Lang LaSalle will post $8.29 earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of JLL. Norges Bank acquired a new position in Jones Lang LaSalle during the fourth quarter worth about $30,891,000. I.G. Investment Management LTD. boosted its position in Jones Lang LaSalle by 9.9% in the fourth quarter. I.G. Investment Management LTD. now owns 188,900 shares of the company’s stock worth $19,086,000 after buying an additional 16,982 shares during the last quarter. Ellington Management Group LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth about $829,000. Two Sigma Investments LP boosted its position in Jones Lang LaSalle by 234.4% in the fourth quarter. Two Sigma Investments LP now owns 204,198 shares of the company’s stock worth $20,632,000 after buying an additional 143,134 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in Jones Lang LaSalle by 10.4% in the fourth quarter. Janus Capital Management LLC now owns 1,315,869 shares of the company’s stock worth $132,984,000 after buying an additional 123,924 shares during the last quarter. Institutional investors own 89.27% of the company’s stock.
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.
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