JPMorgan Chase & Co. Raises Jones Lang LaSalle (NYSE:JLL) Price Target to $327.00

Jones Lang LaSalle (NYSE:JLL) had its price objective lifted by JPMorgan Chase & Co. from $263.00 to $327.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on JLL. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $301.57.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $271.65 on Monday. The business has a 50-day moving average of $269.44 and a two-hundred day moving average of $246.82. The firm has a market capitalization of $12.89 billion, a PE ratio of 27.47 and a beta of 1.34. 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 has a 12 month low of $167.11 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 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 firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the firm posted $2.01 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that Jones Lang LaSalle will post 13.37 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of institutional investors have recently made changes to their positions in JLL. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $34,000. Brooklyn Investment Group acquired a new stake in Jones Lang LaSalle during the third quarter valued at approximately $34,000. UMB Bank n.a. lifted its holdings 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 worth $36,000 after buying an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $37,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings 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 valued at $39,000 after acquiring an additional 39 shares during the last quarter. 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.