Jones Lang LaSalle (NYSE:JLL) Raised 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 note issued to investors on Friday morning.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an overweight rating in a research report on Friday, June 21st. Keefe, Bruyette & Woods lifted 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 report on Thursday, August 8th. UBS Group raised their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a buy rating in a research report on Wednesday, July 3rd. Finally, Raymond James upped their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a strong-buy rating in a research report on Thursday, July 25th. 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. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $235.33.

Jones Lang LaSalle Trading Up 1.1 %

Shares of NYSE JLL opened at $257.12 on Friday. The stock has a market cap of $12.23 billion, a P/E ratio of 41.34 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $261.83. The firm has a 50-day moving average of $242.33 and a 200 day moving average of $210.87.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts expect that Jones Lang LaSalle will post 12.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the 1st quarter worth $30,000. Innealta Capital LLC purchased a new position in Jones Lang LaSalle in the second quarter worth about $34,000. Atlas Capital Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $35,000. Riverview Trust Co purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $38,000. Finally, Mather Group LLC. lifted its stake in shares of Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 219 shares during the period. Hedge funds and other 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.