Jones Lang LaSalle (NYSE:JLL) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

A number of other equities research analysts also recently weighed in on JLL. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, Raymond James lifted 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 investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Trading Up 3.2 %

JLL stock opened at $270.80 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company has a fifty day moving average price of $266.33 and a two-hundred day moving average price of $264.58. Jones Lang LaSalle has a one year low of $171.45 and a one year high of $288.50. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 23.99 and a beta of 1.36.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JLL. FMR LLC raised its stake in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in Jones Lang LaSalle by 5.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider’s stock worth $415,030,000 after acquiring an additional 88,479 shares in the last quarter. State Street Corp raised its stake in Jones Lang LaSalle by 0.4% during the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after acquiring an additional 6,304 shares in the last quarter. Invesco Ltd. raised its stake in Jones Lang LaSalle by 0.9% during the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider’s stock worth $239,122,000 after acquiring an additional 8,274 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Jones Lang LaSalle by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock worth $240,190,000 after acquiring an additional 41,331 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.