William Blair Reaffirms “Outperform” Rating for Jones Lang LaSalle (JLL)

Jones Lang LaSalle (NYSE:JLL)‘s stock had its “outperform” rating restated by analysts at William Blair in a research report issued on Tuesday. William Blair also issued estimates for Jones Lang LaSalle’s Q3 2019 earnings at $3.02 EPS, FY2019 earnings at $11.50 EPS, Q3 2020 earnings at $3.23 EPS and FY2020 earnings at $12.23 EPS.

JLL has been the subject of a number of other research reports. Bank of America cut Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 price objective for the company. in a research note on Thursday, January 3rd. Barclays boosted their price objective on Jones Lang LaSalle from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, November 16th. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research note on Tuesday, November 13th. ValuEngine upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Raymond James boosted their price objective on Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $172.83.

Shares of NYSE JLL opened at $163.62 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.89 and a quick ratio of 1.89. Jones Lang LaSalle has a twelve month low of $119.79 and a twelve month high of $178.75. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.19 and a beta of 1.66.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, February 12th. The financial services provider reported $5.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.74 by $1.25. Jones Lang LaSalle had a return on equity of 14.87% and a net margin of 2.59%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the business earned $4.92 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Jones Lang LaSalle will post 10.99 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. JOYN Advisors Inc. raised its stake in shares of Jones Lang LaSalle by 1,328.6% during the fourth quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Jones Lang LaSalle by 46.4% during the fourth quarter. First Mercantile Trust Co. now owns 410 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 130 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $125,000. Pearl River Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth approximately $127,000. Finally, Csenge Advisory Group purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $149,000. Institutional investors and hedge funds own 93.82% of the company’s stock.

Jones Lang LaSalle Company Profile

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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