Jones Lang LaSalle (NYSE:JLL) Upgraded at StockNews.com

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

A number of other research analysts have also weighed in on JLL. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. Raymond James boosted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $260.06 on Friday. The stock’s 50 day moving average is $266.84 and its 200-day moving average is $264.65. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 23.03 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 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.65 billion. During the same period last year, the firm earned $4.23 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Jones Lang LaSalle in the fourth quarter worth $149,468,000. FMR LLC increased its holdings 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 worth $952,624,000 after acquiring an additional 459,466 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after purchasing an additional 275,606 shares during the last quarter. Marshall Wace LLP boosted its position in Jones Lang LaSalle by 134.5% during the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider’s stock worth $94,474,000 after purchasing an additional 214,087 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Jones Lang LaSalle by 146.2% in the fourth quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider’s stock worth $84,916,000 after purchasing an additional 199,197 shares in the last quarter. 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.