Jones Lang LaSalle (NYSE:JLL) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an overweight rating in a research report on Friday, June 21st. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a buy rating and a $246.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a market perform rating in a research report on Wednesday, May 8th. UBS Group raised their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a buy rating in a research report on Wednesday, July 3rd. Finally, Wolfe Research restated a peer perform rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $223.33.

Jones Lang LaSalle Trading Up 3.8 %

JLL opened at $225.82 on Wednesday. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 36.31 and a beta of 1.38. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. Jones Lang LaSalle has a 12 month low of $119.46 and a 12 month high of $226.60. The stock has a fifty day moving average price of $202.29 and a 200-day moving average price of $189.68.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Jones Lang LaSalle will post 12.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $30,000. Atlas Capital Advisors LLC acquired a new stake in Jones Lang LaSalle during the first quarter worth $35,000. Riverview Trust Co acquired a new stake in Jones Lang LaSalle during the first quarter worth $38,000. Bruce G. Allen Investments LLC acquired a new stake in Jones Lang LaSalle during the fourth quarter worth $47,000. Finally, Mather Group LLC. increased its stake in Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

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.