StockNews.com Upgrades Jones Lang LaSalle (NYSE:JLL) to “Strong-Buy”

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

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Raymond James upped their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $250.52 on Friday. Jones Lang LaSalle has a 52-week low of $171.45 and a 52-week high of $288.50. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 22.19 and a beta of 1.36. The firm’s 50-day moving average is $266.39 and its 200-day moving average is $264.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.23 EPS. Equities research analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Brooklyn Investment Group bought a new position in Jones Lang LaSalle in the 3rd quarter worth approximately $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle during the 4th quarter worth $35,000. Principal Securities Inc. boosted its position in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after buying an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds 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.