Jones Lang LaSalle Incorporated (NYSE:JLL) Sees Large Growth in Short Interest

Jones Lang LaSalle Incorporated (NYSE:JLL) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 976,500 shares, an increase of 9.2% from the May 15th total of 894,000 shares. Based on an average daily trading volume, of 263,800 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.1% of the company’s stock are sold short.

Institutional Trading of Jones Lang LaSalle

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $30,000. Atlas Capital Advisors LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $35,000. Riverview Trust Co bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $38,000. Bruce G. Allen Investments LLC bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth approximately $47,000. Finally, LRI Investments LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $58,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JLL. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 11th. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Finally, Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target for the company. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Jones Lang LaSalle Trading Up 1.9 %

NYSE:JLL opened at $211.52 on Wednesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $192.51 and its two-hundred day moving average is $185.73. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $212.97. The company has a market cap of $10.06 billion, a PE ratio of 34.01 and a beta of 1.40.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the business posted $0.65 EPS. Jones Lang LaSalle’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Jones Lang LaSalle will post 12.22 EPS for the current year.

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.