Jones Lang LaSalle (NYSE:JLL) Upgraded at StockNews.com

Jones Lang LaSalle (NYSE:JLL) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

JLL has been the topic of a number of other reports. UBS Group upped their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, Raymond James lifted their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

Jones Lang LaSalle Stock Down 0.9 %

Shares of JLL opened at $251.38 on Friday. The business’s 50 day simple moving average is $240.22 and its 200-day simple moving average is $209.58. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $261.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 40.41 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.30 by $0.25. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. Jones Lang LaSalle’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. As a group, equities analysts expect that Jones Lang LaSalle will post 12.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 acquiring an additional 49 shares during the period. Tandem Capital Management Corp ADV raised its position in Jones Lang LaSalle by 0.4% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock valued at $2,779,000 after purchasing an additional 55 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Jones Lang LaSalle by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock worth $273,000 after buying an additional 57 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Jones Lang LaSalle by 0.4% during the second quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock valued at $4,419,000 after buying an additional 84 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Jones Lang LaSalle by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

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.