Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $327.00

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

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

Jones Lang LaSalle Trading Down 4.8 %

Shares of JLL opened at $255.38 on Monday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $12.12 billion, a PE ratio of 25.82 and a beta of 1.34. Jones Lang LaSalle has a 1 year low of $167.11 and a 1 year high of $288.50. The stock has a 50 day simple moving average of $269.46 and a 200-day simple moving average of $247.35.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. 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 prior year, the company posted $2.01 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, sell-side analysts predict that Jones Lang LaSalle will post 13.37 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock worth $9,276,000 after buying an additional 10,186 shares during the period. Dorsey Wright & Associates bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $4,276,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Jones Lang LaSalle by 782.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock worth $1,871,000 after purchasing an additional 8,080 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Jones Lang LaSalle by 29.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock valued at $2,869,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Jones Lang LaSalle in the third quarter valued at about $719,000. 94.80% of the stock is owned by institutional investors.

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.