Jones Lang LaSalle (NYSE:JLL) Price Target Increased to $250.00 by Analysts at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its target price boosted by Keefe, Bruyette & Woods from $240.00 to $250.00 in a research note published on Thursday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. UBS Group upped their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a buy rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an overweight rating in a report on Friday, June 21st. Jefferies Financial Group began coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a buy rating and a $246.00 target price for the company. Raymond James upped their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a strong-buy rating in a research report on Thursday, July 25th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a strong-buy rating to a buy rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of Moderate Buy and an average price target of $235.33.

Jones Lang LaSalle Trading Down 0.5 %

JLL stock traded down $1.22 during trading on Thursday, reaching $238.20. The company had a trading volume of 203,082 shares, compared to its average volume of 286,495. The company has a market cap of $11.33 billion, a P/E ratio of 38.30 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. The business has a 50 day moving average of $218.29 and a 200 day moving average of $197.81. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $254.67.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.25. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. As a group, sell-side analysts forecast that Jones Lang LaSalle will post 12.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after acquiring an additional 26,814 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock worth $215,419,000 after acquiring an additional 181,246 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Jones Lang LaSalle during the second quarter valued at $97,000. Envestnet Asset Management Inc. increased its holdings in Jones Lang LaSalle by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,387 shares of the financial services provider’s stock valued at $18,760,000 after acquiring an additional 2,942 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

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.