Jones Lang LaSalle (NYSE:JLL) Upgraded by StockNews.com to “Strong-Buy” Rating

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

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

Jones Lang LaSalle Stock Performance

JLL stock opened at $250.52 on Friday. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The company has a market cap of $11.87 billion, a P/E ratio of 22.19 and a beta of 1.36. The business’s fifty day moving average is $266.39 and its 200-day moving average is $264.57.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.23 earnings per share. Equities research analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently bought and sold shares of JLL. 111 Capital acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $490,000. Wealth Enhancement Advisory Services LLC grew its position in Jones Lang LaSalle by 7.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,292 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 87 shares in the last quarter. Integrated Advisors Network LLC increased its stake in Jones Lang LaSalle by 8.1% in the 4th quarter. Integrated Advisors Network LLC now owns 2,347 shares of the financial services provider’s stock valued at $594,000 after buying an additional 176 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Jones Lang LaSalle by 4.6% during the 4th quarter. Mackenzie Financial Corp now owns 1,545 shares of the financial services provider’s stock worth $391,000 after buying an additional 68 shares during the last quarter. Finally, Forum Financial Management LP grew its holdings in shares of Jones Lang LaSalle by 28.1% in the 4th quarter. Forum Financial Management LP now owns 1,556 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 341 shares in the last quarter. 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.