Jones Lang LaSalle (NYSE:JLL) Upgraded to Strong-Buy by 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 released on Thursday morning.

A number of other equities analysts also recently commented on JLL. 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 note on Friday, June 21st. Raymond James boosted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a strong-buy rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their price objective 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. Finally, UBS Group lifted their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a buy rating in a report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $235.33.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $246.33 on Thursday. The firm has a 50-day moving average of $222.64 and a two-hundred day moving average of $200.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $11.72 billion, a P/E ratio of 39.60 and a beta of 1.38. Jones Lang LaSalle has a 1-year low of $119.46 and a 1-year high of $254.67.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. Jones Lang LaSalle’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. On average, research analysts expect that Jones Lang LaSalle will post 12.4 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

A number of large investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Jones Lang LaSalle during the 1st quarter valued at about $30,000. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $34,000. Atlas Capital Advisors LLC acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at approximately $35,000. Riverview Trust Co bought a new stake in Jones Lang LaSalle during the 1st quarter valued at $38,000. Finally, Mather Group LLC. boosted its position in Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds 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.