StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLL – Free Report) from a buy rating to a strong-buy rating in a research note published on Thursday.
Several other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a market perform rating in a research report on Thursday, August 8th. UBS Group boosted their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a buy rating in a report on Wednesday, July 3rd. Raymond James raised their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a strong-buy rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an overweight rating in a research note on Friday, June 21st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of Moderate Buy and a consensus price target of $235.33.
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Jones Lang LaSalle Price Performance
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company posted $0.50 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle will post 12.4 EPS for the current fiscal year.
Hedge Funds Weigh In On Jones Lang LaSalle
Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in Jones Lang LaSalle in the first quarter valued at approximately $30,000. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $34,000. Atlas Capital Advisors LLC purchased a new stake in Jones Lang LaSalle during the first quarter worth $35,000. Riverview Trust Co acquired a new stake in Jones Lang LaSalle during the first quarter valued at $38,000. Finally, Mather Group LLC. increased its holdings in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after buying an additional 219 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.
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