StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLL – Free Report) from a buy rating to a strong-buy rating in a report published on Friday.
Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a market perform rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an overweight rating in a research report on Friday, June 21st. UBS Group upped their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a buy rating in a research note on Wednesday, July 3rd. Finally, Raymond James upped their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a strong-buy rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $235.33.
Check Out Our Latest Report on Jones Lang LaSalle
Jones Lang LaSalle Stock Up 1.2 %
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts predict that Jones Lang LaSalle will post 12.54 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Jones Lang LaSalle during the fourth quarter worth about $97,222,000. Swedbank AB acquired a new position in Jones Lang LaSalle during the first quarter worth $97,018,000. EdgePoint Investment Group Inc. boosted its position in shares of Jones Lang LaSalle by 27.3% during the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after buying an additional 443,992 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Jones Lang LaSalle by 84.8% in 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 buying an additional 270,404 shares during the period. Finally, Select Equity Group L.P. acquired a new position in Jones Lang LaSalle during the 2nd quarter worth about $55,152,000. 94.80% of the stock is owned by hedge funds and other institutional investors.
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.
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