Jones Lang LaSalle (NYSE:JLL) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLLFree Report) from a buy rating to a strong-buy rating in a research note released on Thursday.

Several other research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a market perform rating in a research report on Wednesday, May 8th. Raymond James raised Jones Lang LaSalle from an outperform rating to a strong-buy rating and raised their price objective for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. TheStreet raised Jones Lang LaSalle from a c+ rating to a b- rating in a research note on Wednesday, February 14th. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a buy rating and a $246.00 price target on the stock. Finally, Wolfe Research reissued a peer perform rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $214.00.

Check Out Our Latest Research Report on JLL

Jones Lang LaSalle Stock Down 0.6 %

JLL opened at $206.20 on Thursday. Jones Lang LaSalle has a 1-year low of $119.46 and a 1-year high of $209.79. The stock’s fifty day simple moving average is $188.21 and its 200 day simple moving average is $177.71. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9.81 billion, a PE ratio of 33.15 and a beta of 1.43.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS. As a group, research analysts expect that Jones Lang LaSalle will post 12.14 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth $30,000. Atlas Capital Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter worth about $35,000. Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth about $38,000. Bruce G. Allen Investments LLC bought a new position in Jones Lang LaSalle in the 4th quarter valued at about $47,000. Finally, LRI Investments LLC bought a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $58,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Company Profile

(Get Free Report)

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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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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