Jones Lang LaSalle (NYSE:JLL) Upgraded to “Strong-Buy” 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 published on Wednesday.

Several other analysts also recently commented on JLL. Wolfe Research upgraded shares of 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. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. JPMorgan Chase & Co. raised their target price 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. Raymond James raised their target price 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, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. 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, the company has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $270.80 on Wednesday. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 23.99 and a beta of 1.36. The firm’s 50 day simple moving average is $266.33 and its 200 day simple moving average is $264.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle has a fifty-two week low of $171.45 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results 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. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. As a group, sell-side analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after buying an additional 56 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle in the third quarter valued at $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $35,000. Principal Securities Inc. grew its stake in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after buying an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares in the last quarter. 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.