Jones Lang LaSalle (NYSE:JLL) Raised to “Outperform” at Wolfe Research

Wolfe Research upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a peer perform rating to an outperform rating in a research note published on Monday morning, MarketBeat Ratings reports. The firm currently has $353.00 target price on the financial services provider’s stock.

Several other brokerages have also recently weighed in on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods increased their price objective 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $271.50.

Jones Lang LaSalle Price Performance

JLL opened at $282.22 on Monday. The stock has a 50-day moving average price of $266.45 and a 200-day moving average price of $239.33. Jones Lang LaSalle has a 12-month low of $153.26 and a 12-month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $13.39 billion, a P/E ratio of 28.43 and a beta of 1.37.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new position in Jones Lang LaSalle during the 3rd quarter valued at approximately $34,000. UMB Bank n.a. increased its position in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Jones Lang LaSalle during the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV increased its position in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Jones Lang LaSalle during the 2nd quarter valued at approximately $34,000. Institutional investors own 94.80% of the company’s stock.

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.