Keefe, Bruyette & Woods Issues Positive Forecast for Jones Lang LaSalle (NYSE:JLL) Stock Price

Jones Lang LaSalle (NYSE:JLL) had its price target lifted by research analysts at Keefe, Bruyette & Woods from $280.00 to $292.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 8.63% from the company’s current price.

Several other brokerages have also issued reports on JLL. Raymond James upped their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $255.20.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $4.40 during midday trading on Tuesday, hitting $268.80. 73,832 shares of the company’s stock were exchanged, compared to its average volume of 286,233. The company has a market cap of $12.75 billion, a P/E ratio of 27.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.58 and a current ratio of 2.29. The stock has a 50-day moving average price of $263.35 and a two-hundred day moving average price of $233.24. Jones Lang LaSalle has a 52-week low of $136.83 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping 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 company had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the business earned $2.01 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle will post 12.99 earnings per share for the current year.

Institutional Trading of Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the stock. Swedbank AB purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at $97,018,000. EdgePoint Investment Group Inc. increased its holdings in Jones Lang LaSalle by 27.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after purchasing an additional 443,992 shares during the period. Select Equity Group L.P. purchased a new stake in Jones Lang LaSalle in the 2nd quarter worth approximately $55,152,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Jones Lang LaSalle by 20.9% during 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 acquiring an additional 181,246 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after acquiring an additional 146,150 shares during the period. 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.