Keefe, Bruyette & Woods Increases Jones Lang LaSalle (NYSE:JLL) Price Target to $240.00

Jones Lang LaSalle (NYSE:JLL) had its target price upped by Keefe, Bruyette & Woods from $200.00 to $240.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

JLL has been the subject of a number of other research reports. Raymond James upgraded Jones Lang LaSalle from an outperform rating to a strong-buy rating and upped their target price for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. StockNews.com raised shares of Jones Lang LaSalle from a buy rating to a strong-buy rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price target on shares of 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 began coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a buy rating and a $246.00 price objective for the company. Finally, Wolfe Research reiterated a peer perform rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of Moderate Buy and a consensus price target of $233.67.

Jones Lang LaSalle Stock Up 2.3 %

Shares of NYSE JLL opened at $250.83 on Thursday. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 40.33 and a beta of 1.38. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $209.84 and its 200 day moving average is $193.35. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $252.09.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Jones Lang LaSalle will post 12.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $97,222,000. Swedbank AB bought a new position in Jones Lang LaSalle in the 1st quarter worth about $97,018,000. EdgePoint Investment Group Inc. grew its position in Jones Lang LaSalle by 27.3% during the 1st 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 last quarter. Price T Rowe Associates Inc. MD increased its stake in Jones Lang LaSalle by 84.8% during the 4th 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 in the last quarter. Finally, Epoch Investment Partners Inc. raised 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 worth $36,497,000 after buying an additional 187,196 shares during the last quarter. Institutional investors 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.