Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $292.00

Jones Lang LaSalle (NYSE:JLL) had its price objective increased by Keefe, Bruyette & Woods from $280.00 to $292.00 in a research note published on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Several other analysts also recently weighed in on JLL. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James lifted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $255.20.

Jones Lang LaSalle Stock Down 1.6 %

Shares of NYSE JLL opened at $262.83 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $12.47 billion, a P/E ratio of 26.58 and a beta of 1.37. Jones Lang LaSalle has a 1 year low of $150.39 and a 1 year high of $288.50. The firm has a 50-day simple moving average of $264.28 and a two-hundred day simple moving average of $234.27.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm earned $2.01 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Research analysts anticipate that Jones Lang LaSalle will post 13.17 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors have recently bought and sold shares of JLL. Innealta Capital LLC purchased a new position in Jones Lang LaSalle during the second quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle in the third quarter worth $34,000. UMB Bank n.a. grew its holdings in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Jones Lang LaSalle in the third quarter worth $37,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.