Jones Lang LaSalle (NYSE:JLL) Stock Rating Upgraded by Wolfe Research

Jones Lang LaSalle (NYSE:JLL) was upgraded by research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a $353.00 target price on the financial services provider’s stock. Wolfe Research’s price objective would indicate a potential upside of 24.70% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $271.50.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $283.09 on Monday. Jones Lang LaSalle has a twelve month low of $153.26 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $265.81 and a 200 day simple moving average of $238.72. The company has a market cap of $13.43 billion, a P/E ratio of 28.47 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $2.01 EPS. On average, sell-side analysts forecast that Jones Lang LaSalle will post 13.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its position in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Jones Lang LaSalle by 3.1% during the second quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock worth $334,000 after buying an additional 49 shares during the period. Finally, First Bank & Trust lifted its holdings in Jones Lang LaSalle by 2.5% in the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after buying an additional 54 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

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.