Jones Lang LaSalle (NYSE:JLL) Raised to “Strong-Buy” at Wall Street Zen

Jones Lang LaSalle (NYSE:JLL) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently commented on JLL. JMP Securities started coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. increased their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Citizens Jmp assumed coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. The Goldman Sachs Group raised their price target on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, UBS Group upped their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $338.29.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $299.77 on Friday. Jones Lang LaSalle has a fifty-two week low of $194.36 and a fifty-two week high of $322.36. The firm’s 50 day moving average price is $303.33 and its 200 day moving average price is $270.35. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.20 billion, a P/E ratio of 25.78 and a beta of 1.46.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $3.50 earnings per share. On average, research analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Several hedge funds and other institutional investors have recently bought and sold shares of JLL. Chilton Capital Management LLC purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. SVB Wealth LLC purchased a new position in Jones Lang LaSalle during the first quarter worth about $38,000. Caldwell Trust Co acquired a new stake in Jones Lang LaSalle in the 2nd quarter worth about $38,000. Finally, Quent Capital LLC purchased a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $41,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.