Jones Lang LaSalle (JLL) outperformance rating reaffirmed at William Blair

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Jones Lang LaSalle (NYSE:JLL – Get a Rating)The stock had its “outperform” rating reaffirmed by William Blair equity researchers in a research note released on Monday, Zacks.com reports. William Blair also released estimates for Jones Lang LaSalle Q1 2022 earnings at $2.07 EPS, Q2 2022 earnings at $4.74 EPS, Q3 2022 earnings at $5.00 EPS, Q4 2022 earnings at $7.61 EPS, FY 2022 earnings at $19.42 EPS, Q1 2023 earnings at $2.17 EPS, Q2 2023 earnings at $4.99 EPS, Q3 2023 at $5.28 EPS, Q4 2023 profit at $8.05 EPS and full year 2023 profit at $20.50 EPS.

Several other research analysts have also recently commented on JLL. Zacks Investment Research downgraded shares of Jones Lang LaSalle from a “strong buy” rating to a “hold” rating and set a price target of $284.00 for the company. in a research report on Tuesday, January 4. Raymond James raised its price target on Jones Lang LaSalle from $302.00 to $318.00 and gave the stock an “outperform” rating in a Friday, Jan. 21 research report. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong buy” rating in a research report on Thursday. One research analyst gave the stock a hold rating, four gave the company a buy rating and one gave the company a high buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $273.67.

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Jones Lang LaSalle stock opened at $239.55 on Monday. The stock’s fifty-day moving average price is $252.60 and its two-hundred-day moving average price is $251.93. The company has a market capitalization of $12.09 billion, a PE ratio of 12.93, a growth price-earnings ratio of 1.49 and a beta of 1.30. The company has a debt ratio of 0.13, a current ratio of 1.70 and a quick ratio of 2.57. Jones Lang LaSalle has a one-year low of $167.06 and a one-year high of $275.77.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last released its quarterly results on Monday, February 28. The financial services provider reported EPS of $8.66 for the quarter, beating the Zacks consensus estimate of $6.81 by $1.85. The company posted revenue of $3.60 billion for the quarter, versus $3.44 billion expected by analysts. Jones Lang LaSalle had a return on equity of 16.91% and a net margin of 4.97%. Jones Lang LaSalle’s revenue increased 31.2% year over year. In the same quarter last year, the company earned earnings per share of $5.29. Sell-side analysts expect Jones Lang LaSalle to post earnings per share of 18.42 for the current fiscal year.

A number of institutional investors and hedge funds have recently changed their holdings in the company. Janus Henderson Group PLC acquired a new stake in Jones Lang LaSalle during Q3 for a value of approximately $50,704,000. Senator Investment Group LP bought a new stake in shares of Jones Lang LaSalle in the third quarter at a value of $91,793,000. Franklin Resources Inc. increased its stake in Jones Lang LaSalle by 3.1% in the third quarter. Franklin Resources Inc. now owns 112,933 shares of the financial services provider valued at $28,017,000 after purchasing an additional 3,352 shares during the period. Beacon Pointe Advisors LLC bought a new position in Jones Lang LaSalle during Q2 worth $391,000. Finally, State of New Jersey Common Pension Fund D increased its position in Jones Lang LaSalle shares by 4.3% in the third quarter. New Jersey State Joint Pension Fund D now owns 29,426 shares of the financial services provider valued at $7,300,000 after buying 1,203 additional shares in the last quarter. 93.46% of the shares are held by institutional investors and hedge funds.

Jones Lang LaSalle Company Profile (Get a rating)

Jones Lang LaSalle, Inc. provides specialized professional services in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia-Pacific and LaSalle Investment Management (LaSalle). The Americas, EMEA and Asia-Pacific segments provide rental services, capital, integrated asset and facility management, project management, consulting and transactional services.

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