JMP Securities Thinks Jones Lang Lasalle Inc.’s Stock is Going to Recover

By Jason Carr

In a report released today, Mitchell Germain from JMP Securities reiterated a Buy rating on Jones Lang Lasalle Inc. (NYSE: JLL). The company’s shares opened today at $89.76, close to its 52-week low of $86.62.

According to TipRanks.com, Germain is a 1-star analyst with an average return of -2.4% and a 33.3% success rate. Germain covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Colliers International Group, and Columbia Property Trust.

Jones Lang Lasalle Inc. has an analyst consensus of Strong Buy, with a price target consensus of $139.50.

Jones Lang Lasalle Inc.’s market cap is currently $4.06B and has a P/E ratio of 9.96. The company has a book value ratio of 1.4712.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JLL in relation to earlier this year. Most recently, in September 2016, Shailesh Rao, a Director at JLL bought 548 shares for a total of $63,979.

Jones Lang LaSalle, Inc. is a financial and professional services company, which is engaged in providing real estate services. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients seeking increased value by owning, occupying or investing in real estate. The company operates through following geographic segments: Americas, Europe Middle East & Africa, Asia Pacific and LaSalle Investment Management. The each geographic region offers full range of real estate services, including agency leasing and tenant representation, capital markets and hotels, property management, facilities management, project and development management, energy management and sustainability, construction management, and advisory, consulting and valuation services. The LaSalle Investment Management segment provides investment management services to institutional investors and high net worth individuals. Jones Lang LaSalle was founded in April 1997 and is headquartered in Chicago, IL.