Shares of Jones Lang LaSalle Inc (NYSE:JLL) have earned an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $173.00.
Several equities analysts have recently commented on JLL shares. Bank of America lowered Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 price target on the stock. in a research note on Thursday, January 3rd. Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. JMP Securities reaffirmed a “hold” rating on shares of Jones Lang LaSalle in a research note on Sunday, February 17th. Raymond James upped their price target on Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Finally, ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its stake in Jones Lang LaSalle by 2.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,697 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 126 shares in the last quarter. Texas Permanent School Fund lifted its stake in Jones Lang LaSalle by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 30,977 shares of the financial services provider’s stock worth $4,776,000 after acquiring an additional 1,158 shares in the last quarter. New Amsterdam Partners LLC NY acquired a new position in Jones Lang LaSalle during the 1st quarter worth about $1,832,000. Pinnacle Financial Partners Inc. acquired a new position in Jones Lang LaSalle during the 1st quarter worth about $216,000. Finally, Pearl River Capital LLC lifted its stake in Jones Lang LaSalle by 19.6% during the 1st quarter. Pearl River Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 197 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $5.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $1.25. Jones Lang LaSalle had a return on equity of 15.80% and a net margin of 2.97%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the company posted $4.92 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Equities analysts forecast that Jones Lang LaSalle will post 11.57 earnings per share for the current fiscal year.
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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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