Jones Lang LaSalle (NYSE:JLL) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other equities research analysts have also issued reports on the company. UBS Group raised their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Citigroup decreased their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. JMP Securities started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Citizens Jmp started coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $312.43.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $276.15 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $253.59 and its two-hundred day simple moving average is $247.71. Jones Lang LaSalle has a 1-year low of $194.36 and a 1-year high of $288.50. The stock has a market cap of $13.08 billion, a PE ratio of 23.74 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%. The business had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the business earned $2.55 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the transaction, the chief executive officer directly owned 10,297 shares of the company’s stock, valued at $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JLL. Tidal Investments LLC raised its stake in shares of Jones Lang LaSalle by 4.7% in the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after buying an additional 38 shares during the period. Ellevest Inc. grew its position in shares of Jones Lang LaSalle by 3.7% during the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 47 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Jones Lang LaSalle by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider’s stock worth $3,062,000 after purchasing an additional 50 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Jones Lang LaSalle by 6.0% during the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 51 shares in the last quarter. Finally, Hancock Whitney Corp grew its position in shares of Jones Lang LaSalle by 1.3% during the fourth quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider’s stock worth $1,086,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

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.