Jones Lang LaSalle (NYSE:JLL) Stock Price Expected to Rise, Raymond James Analyst Says

Jones Lang LaSalle (NYSE:JLL) had its target price increased by Raymond James from $317.00 to $320.00 in a research note released on Friday morning,Benzinga reports. They currently have a strong-buy rating on the financial services provider’s stock.

JLL has been the topic of a number of other research reports. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Up 0.9 %

Shares of JLL opened at $276.26 on Friday. The firm has a market cap of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36. Jones Lang LaSalle has a 1 year low of $168.36 and a 1 year high of $288.50. The stock has a 50 day simple moving average of $262.63 and a two-hundred day simple moving average of $257.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

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 (EPS) for the quarter, beating 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 business 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 business posted $2.01 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle will post 13.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Dorsey Wright & Associates purchased a new stake in Jones Lang LaSalle during the third quarter valued at approximately $4,276,000. Diversified Trust Co purchased a new position in shares of Jones Lang LaSalle during the 4th quarter worth $567,000. Private Client Services LLC bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at $1,817,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Jones Lang LaSalle by 39.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock worth $53,073,000 after purchasing an additional 55,322 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other 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.