Jones Lang LaSalle (NYSE:JLL) Given New $320.00 Price Target at Raymond James

Jones Lang LaSalle (NYSE:JLL) had its price target upped by research analysts at Raymond James from $317.00 to $320.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the financial services provider’s stock. Raymond James’ price target points to a potential upside of 15.84% from the stock’s current price.

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

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $276.26 on Friday. The business has a fifty day simple moving average of $262.63 and a 200-day simple moving average of $256.99. Jones Lang LaSalle has a 52 week low of $168.36 and a 52 week high of $288.50. The company has a market cap of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the company posted $2.01 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle will post 13.61 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle in the third quarter valued at $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle in the 4th quarter worth $35,000. UMB Bank n.a. boosted its position in Jones Lang LaSalle by 350.0% in 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 during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth about $37,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds 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.