Shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) have been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $271.50.
A number of brokerages have issued reports on JLL. UBS Group decreased their price target on Jones Lang LaSalle from $287.00 to $247.00 and set a "buy" rating for the company in a report on Wednesday. StockNews.com raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $280.00 to $287.00 and gave the stock an "outperform" rating in a research report on Thursday, August 4th.
Get Jones Lang LaSalle alerts:Hedge Funds Weigh In On Jones Lang LaSalle
Institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Jones Lang LaSalle by 8.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,646 shares of the financial services provider's stock valued at $3,028,000 after acquiring an additional 1,008 shares during the period. J.W. Cole Advisors Inc. acquired a new position in Jones Lang LaSalle during the 1st quarter worth approximately $76,000. Csenge Advisory Group acquired a new position in Jones Lang LaSalle during the 1st quarter worth approximately $225,000. Goldman Sachs Group Inc. increased its position in Jones Lang LaSalle by 8.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 321,110 shares of the financial services provider's stock worth $86,488,000 after purchasing an additional 26,161 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP increased its position in Jones Lang LaSalle by 3.5% during the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 29,683 shares of the financial services provider's stock worth $7,108,000 after purchasing an additional 992 shares during the period. Institutional investors and hedge funds own 95.84% of the company's stock.
Jones Lang LaSalle Stock Down 1.7 %
Shares of NYSE JLL opened at $153.34 on Wednesday. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 7.87 and a beta of 1.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 2.28. The business has a 50-day moving average of $176.29 and a two-hundred day moving average of $193.56. Jones Lang LaSalle has a 1 year low of $151.09 and a 1 year high of $275.77.About Jones Lang LaSalle
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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
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