JPMorgan Chase & Co. Boosts Jones Lang LaSalle (NYSE:JLL) Price Target to $230.00

Jones Lang LaSalle (NYSE:JLLFree Report) had its price objective boosted by JPMorgan Chase & Co. from $215.00 to $230.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

JLL has been the subject of several other reports. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a buy rating and a $246.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the company a market perform rating in a research note on Wednesday, May 8th. Raymond James upgraded Jones Lang LaSalle from an outperform rating to a strong-buy rating and boosted their price target for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. StockNews.com cut Jones Lang LaSalle from a strong-buy rating to a buy rating in a research note on Friday. Finally, Wolfe Research restated a peer perform rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $216.67.

View Our Latest Report on Jones Lang LaSalle

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $208.67 on Friday. The business’s 50 day moving average price is $194.20 and its two-hundred day moving average price is $186.73. The company has a market cap of $9.92 billion, a PE ratio of 33.55 and a beta of 1.40. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $213.33.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle will post 12.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JLL. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth $97,222,000. Swedbank AB acquired a new position in shares of Jones Lang LaSalle during the first quarter worth $97,018,000. EdgePoint Investment Group Inc. increased its holdings in Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after purchasing an additional 443,992 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after purchasing an additional 270,404 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in Jones Lang LaSalle by 3,097.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after purchasing an additional 187,196 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Company Profile

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Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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