JPMorgan Chase & Co. Raises Jones Lang LaSalle (NYSE:JLL) Price Target to $327.00

Jones Lang LaSalle (NYSE:JLL) had its target price upped by JPMorgan Chase & Co. from $263.00 to $327.00 in a report issued on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

JLL has been the subject of several other reports. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $301.57.

Jones Lang LaSalle Trading Down 4.8 %

NYSE JLL opened at $255.38 on Monday. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 25.82 and a beta of 1.34. Jones Lang LaSalle has a 52 week low of $167.11 and a 52 week high of $288.50. The stock’s 50 day moving average price is $269.46 and its two-hundred day moving average price is $247.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm earned $2.01 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts anticipate that Jones Lang LaSalle will post 13.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Jones Lang LaSalle during the second quarter worth approximately $55,152,000. Massachusetts Financial Services Co. MA grew its position in shares of Jones Lang LaSalle by 20.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after purchasing an additional 181,246 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Jones Lang LaSalle by 167,988.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after purchasing an additional 146,150 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Jones Lang LaSalle by 43.0% in the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock valued at $89,446,000 after purchasing an additional 99,613 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.