Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus “Buy Moderate” Recommendation From Brokerages
Shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) have been assigned a consensus rating of “moderate buy” by the six ratings companies that currently cover the company, reports Marketbeat Ratings. One research analyst rated the stock with a sell recommendation, one issued a hold recommendation and four issued a buy recommendation on the company. The 1-year average price target among brokers who updated their coverage on the stock in the past year is $271.50.
Several equity research analysts have commented on JLL shares. Raymond James raised his price target on Jones Lang LaSalle from $280.00 to $287.00 and gave the stock an “outperform” rating in a Thursday, Aug. 4 research note. StockNews.com upgraded Jones Lang LaSalle from a “buy” to a “hold” rating in a Thursday, September 8 report. Finally, UBS Group lowered its price target on Jones Lang LaSalle from $287.00 to $247.00 and placed a “buy” rating on the stock in a report on Wednesday.
Jones Lang LaSalle share performance
Shares of NYSE JLL traded down $4.13 during Wednesday’s trading, hitting $160.15. 382,656 shares of the company were traded, against an average volume of 297,679. The company’s fifty-day simple moving average is $177.30 and its 200-day simple moving average is $194.63. The stock has a market capitalization of $7.67 billion, a P/E ratio of 8.22 and a beta of 1.28. Jones Lang LaSalle has a 12-month low of $154.63 and a 12-month high of $275.77. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt ratio of 0.33.
Jones Lang LaSalle Institutional Negotiation
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd acquired a new position in shares of Jones Lang LaSalle in Q4 worth $25,000. Charles Schwab Investment Management Inc. increased its holdings of Jones Lang LaSalle shares by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 292,939 shares of the financial services provider valued at $78,901,000 after buying an additional 4,959 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Jones Lang LaSalle in Q4 worth $7,943,000. Geode Capital Management LLC increased its equity stake in Jones Lang LaSalle by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 772,100 shares of the financial services provider valued at $208,028,000 after purchasing an additional 7,501 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Jones Lang LaSalle during the 4th quarter at a value of $2,945,000. 95.84% of the shares are held by hedge funds and other institutional investors.
Jones Lang LaSalle Company Profile
(Get a rating)
Jones Lang LaSalle Incorporated, a professional services firm, provides real estate and investment management services in the Americas, Europe, the Middle East, Africa and 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, mergers and acquisitions, corporate advisory, and equity sales and advisory services. investment.
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Jones Lang LaSalle, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes big…and Jones Lang LaSalle wasn’t on the list.
While Jones Lang LaSalle currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here