Jones Lang LaSalle (NYSE:JLL) Upgraded at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a $325.00 target price on the financial services provider’s stock, up from their previous target price of $292.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 19.04% from the stock’s previous close.

A number of other research firms have also issued reports on JLL. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday. They issued a “buy” rating and a $352.00 price objective on the stock. Finally, Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $287.71.

Jones Lang LaSalle Trading Down 1.6 %

Shares of JLL opened at $273.01 on Tuesday. The firm has a 50-day moving average price of $268.62 and a 200 day moving average price of $244.21. The firm has a market capitalization of $12.95 billion, a P/E ratio of 27.60 and a beta of 1.34. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a 12-month low of $163.47 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the company earned $2.01 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle will post 13.37 EPS for the current year.

Institutional Trading of Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently made changes to their positions in JLL. Brooklyn Investment Group acquired a new position in Jones Lang LaSalle during the third quarter worth approximately $34,000. UMB Bank n.a. increased its holdings in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC purchased a new stake in Jones Lang LaSalle in the 3rd quarter valued at $37,000. Massmutual Trust Co. FSB ADV boosted its stake in Jones Lang LaSalle by 37.5% during the 3rd 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 period. Finally, Innealta Capital LLC purchased a new position in Jones Lang LaSalle during the 2nd quarter worth $34,000. Institutional investors and hedge funds 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.