Jones Lang LaSalle (NYSE:JLL) Raised to Strong-Buy at Wall Street Zen

Jones Lang LaSalle (NYSE:JLL) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Other equities analysts have also recently issued research reports about the stock. Barclays began coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price objective on the stock. The Goldman Sachs Group lifted their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Finally, UBS Group boosted their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.71.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $350.59 on Friday. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $356.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a fifty day moving average price of $325.93 and a two-hundred day moving average price of $301.87. The firm has a market cap of $16.54 billion, a P/E ratio of 26.89 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. During the same quarter last year, the business posted $3.50 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares in the company, valued at approximately $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $25,000. Chilton Capital Management LLC purchased a new position in Jones Lang LaSalle in the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $38,000. Finally, Quent Capital LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.