Does Jones Lang LaSalle Incorporated (JLL) Have Any Gas After Forming This Bullish Multiple Top Chart Pattern?

May 20, 2018 - By Jason Grubb

Jones Lang LaSalle Incorporated (NYSE:JLL) Logo

Investors sentiment decreased to 1.21 in 2017 Q4. Its down 0.07, from 1.28 in 2017Q3. It turned negative, as 32 investors sold Jones Lang LaSalle Incorporated shares while 102 reduced holdings. 56 funds opened positions while 106 raised stakes. 39.82 million shares or 0.68% more from 39.55 million shares in 2017Q3 were reported.
First Fincl Bank Of Omaha holds 0.2% of its portfolio in Jones Lang LaSalle Incorporated (NYSE:JLL) for 23,159 shares. Tower Research Capital Lc (Trc) invested 0% of its portfolio in Jones Lang LaSalle Incorporated (NYSE:JLL). Sei Investments Com owns 20,525 shares or 0.01% of their US portfolio. Bluecrest Capital Mgmt accumulated 5,033 shares. Dekabank Deutsche Girozentrale holds 0.11% or 117,762 shares in its portfolio. Panagora Asset Incorporated owns 34,761 shares for 0.02% of their portfolio. Proshare Advisors Ltd Co invested 0.02% of its portfolio in Jones Lang LaSalle Incorporated (NYSE:JLL). Nomura Asset Management Commerce owns 5,940 shares or 0.01% of their US portfolio. Martingale Asset Management Ltd Partnership holds 0.17% in Jones Lang LaSalle Incorporated (NYSE:JLL) or 86,464 shares. Brandywine Invest Mngmt Ltd Liability Co holds 0.04% or 40,839 shares in its portfolio. Northern Tru has 0.02% invested in Jones Lang LaSalle Incorporated (NYSE:JLL) for 418,304 shares. Goodman invested in 57,286 shares. Manufacturers Life Ins The invested 0.04% in Jones Lang LaSalle Incorporated (NYSE:JLL). Moreover, Old Mutual Customised Solutions (Proprietary) has 0.04% invested in Jones Lang LaSalle Incorporated (NYSE:JLL) for 2,500 shares. Asset Mgmt One, Japan-based fund reported 66,474 shares.

Since December 11, 2017, it had 0 insider purchases, and 2 selling transactions for $1.80 million activity. OHRINGER MARK sold $800,656 worth of stock.

The stock of Jones Lang LaSalle Incorporated (JLL) shows a multiple tops pattern with $181.60 target or 7.00 % above today’s $169.72 share price. The 6 months chart pattern indicates low risk for the $7.72 billion company. It was reported on May, 20 by Finviz.com. If the $181.60 price target is reached, the company will be worth $540.47 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.54% or $0.91 during the last trading session, reaching $169.72. About 193,358 shares traded. Jones Lang LaSalle Incorporated (NYSE:JLL) has risen 65.47% since May 20, 2017 and is uptrending. It has outperformed by 53.92% the S&P500.

Analysts await Jones Lang LaSalle Incorporated (NYSE:JLL) to report earnings on August, 1. They expect $2.29 EPS, up 25.82 % or $0.47 from last year’s $1.82 per share. JLL’s profit will be $104.18M for 18.53 P/E if the $2.29 EPS becomes a reality. After $0.97 actual EPS reported by Jones Lang LaSalle Incorporated for the previous quarter, Wall Street now forecasts 136.08 % EPS growth.

Jones Lang LaSalle Incorporated (NYSE:JLL) Ratings Coverage

Among 8 analysts covering Jones Lang Lasalle Inc (NYSE:JLL), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Jones Lang Lasalle Inc had 11 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Hold” rating by Wedbush given on Monday, February 12. Barclays Capital maintained it with “Overweight” rating and $170 target in Tuesday, January 30 report. As per Wednesday, May 16, the company rating was maintained by Barclays Capital. William Blair reinitiated the shares of JLL in report on Friday, February 2 with “Buy” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, February 7. The company was maintained on Tuesday, March 6 by Barclays Capital. The company was initiated on Tuesday, February 6 by Raymond James. As per Tuesday, March 27, the company rating was maintained by JP Morgan. JMP Securities downgraded the stock to “Market Perform” rating in Wednesday, January 24 report.

More notable recent Jones Lang LaSalle Incorporated (NYSE:JLL) news were published by: Seekingalpha.com which released: “Jones Lang LaSalle (JLL) Q1 2018 Results – Earnings Call Transcript” on May 08, 2018, also Prnewswire.com with their article: “JLL one of America’s Best Employers according to Forbes” published on May 01, 2018, Prnewswire.com published: “JLL Strengthens Financial Profile with Renewed Credit Facility” on May 17, 2018. More interesting news about Jones Lang LaSalle Incorporated (NYSE:JLL) were released by: Bizjournals.com and their article: “JLL broadens Hawaii services with industrial vice president hire” published on May 01, 2018 as well as Bizjournals.com‘s news article titled: “Real Estate Notebook: Underground Atlanta developer brings Jones Lang LaSalle on board” with publication date: May 18, 2018.

Jones Lang LaSalle Incorporated, a financial and professional services company, provides commercial real estate and investment management services worldwide. The company has market cap of $7.72 billion. 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 services, research, facility management outsourcing, strategic consulting, technology solutions, advisory services, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, mortgage origination and servicing, and value recovery and receivership services. It currently has negative earnings. The firm also provides investment management services to institutional and retail investors, including high-net-worth individuals.

Jones Lang LaSalle Incorporated (NYSE:JLL) Institutional Positions Chart

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