Jones Lang LaSalle (NYSE:JLL) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research note released on Friday morning, MarketBeat.com reports. The firm issued a buy rating and a $352.00 price target on the financial services provider’s stock.

A number of other analysts have also recently weighed in on JLL. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $283.00.

Jones Lang LaSalle Trading Up 1.4 %

Jones Lang LaSalle stock opened at $277.37 on Friday. The firm’s 50-day moving average is $268.56 and its 200-day moving average is $243.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle has a 1 year low of $162.93 and a 1 year high of $288.50. The company has a market cap of $13.16 billion, a P/E ratio of 28.05 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the firm posted $2.01 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts expect that Jones Lang LaSalle will post 13.37 earnings per share for the current year.

Institutional Trading of Jones Lang LaSalle

Several institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC bought a new position in Jones Lang LaSalle during the first quarter valued at approximately $228,000. Mather Group LLC. raised its position in Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 219 shares in the last quarter. CWM LLC raised its position in Jones Lang LaSalle by 8.6% during the second quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 121 shares in the last quarter. Artemis Investment Management LLP raised its position in Jones Lang LaSalle by 38.6% during the second quarter. Artemis Investment Management LLP now owns 231,901 shares of the financial services provider’s stock valued at $47,605,000 after acquiring an additional 64,532 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Jones Lang LaSalle by 782.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock valued at $1,871,000 after acquiring an additional 8,080 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.