Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $320.00 at Raymond James

Jones Lang LaSalle (NYSE:JLL) had its price target hoisted by Raymond James from $317.00 to $320.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a strong-buy rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Up 0.9 %

Shares of JLL opened at $276.26 on Friday. The stock’s 50-day moving average price is $262.63 and its 200-day moving average price is $256.64. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 27.93 and a beta of 1.36. Jones Lang LaSalle has a 52 week low of $168.36 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the previous year, the firm earned $2.01 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts predict that Jones Lang LaSalle will post 13.61 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds have recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $34,000. UMB Bank n.a. boosted its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after buying an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter valued at about $37,000. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors 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.