Jones Lang LaSalle (NYSE:JLL) Stock Rating Upgraded by StockNews.com

Jones Lang LaSalle (NYSE:JLL) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $257.17 on Wednesday. The business has a fifty day simple moving average of $266.63 and a 200 day simple moving average of $264.62. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 22.78 and a beta of 1.36. Jones Lang LaSalle has a one year low of $171.45 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same period in the prior year, the company posted $4.23 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. Sell-side analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several hedge funds have recently added to or reduced their stakes in JLL. Farther Finance Advisors LLC boosted its holdings in Jones Lang LaSalle by 4.2% in the third quarter. Farther Finance Advisors LLC now owns 1,998 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 80 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Jones Lang LaSalle by 17.7% in the third quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider’s stock valued at $2,117,000 after acquiring an additional 1,179 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Jones Lang LaSalle by 0.5% during the third quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider’s stock worth $2,972,000 after buying an additional 54 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Jones Lang LaSalle by 2.4% during the third quarter. QRG Capital Management Inc. now owns 5,710 shares of the financial services provider’s stock worth $1,541,000 after buying an additional 133 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in Jones Lang LaSalle during the third quarter worth about $1,322,000. Institutional investors 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.