Jones Lang LaSalle (NYSE:JLL) PT Raised to $178.00 at UBS Group

Jones Lang LaSalle (NYSE:JLL) had its price objective hoisted by UBS Group from $175.00 to $178.00 in a report published on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. DA Davidson assumed coverage on shares of Jones Lang LaSalle in a report on Thursday, July 11th. They set a buy rating on the stock. Goldman Sachs Group raised shares of Jones Lang LaSalle from a neutral rating to a buy rating and increased their price target for the stock from $183.00 to $206.00 in a report on Friday, May 10th. Keefe, Bruyette & Woods lowered shares of Jones Lang LaSalle from an outperform rating to a market perform rating in a report on Wednesday, April 17th. Barclays reissued a buy rating and issued a $181.00 price target on shares of Jones Lang LaSalle in a report on Tuesday, April 16th. Finally, Compass Point assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 10th. They issued a buy rating and a $180.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Jones Lang LaSalle has a consensus rating of Hold and an average price target of $173.91.

Jones Lang LaSalle stock opened at $140.58 on Monday. Jones Lang LaSalle has a fifty-two week low of $119.79 and a fifty-two week high of $173.32. The stock has a market capitalization of $7.16 billion, a PE ratio of 11.48, a PEG ratio of 1.30 and a beta of 1.75. The stock’s 50-day moving average price is $140.65. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.44.



Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.61. Jones Lang LaSalle had a net margin of 2.76% and a return on equity of 15.79%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $2.26 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle will post 12.13 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Jones Lang LaSalle by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 765,479 shares of the financial services provider’s stock worth $96,926,000 after purchasing an additional 34,602 shares during the period. FMR LLC lifted its holdings in shares of Jones Lang LaSalle by 6.2% during the fourth quarter. FMR LLC now owns 527,152 shares of the financial services provider’s stock worth $66,737,000 after purchasing an additional 30,788 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Jones Lang LaSalle by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 454,778 shares of the financial services provider’s stock worth $57,537,000 after purchasing an additional 23,294 shares during the period. Deutsche Bank AG lifted its holdings in shares of Jones Lang LaSalle by 11.4% during the fourth quarter. Deutsche Bank AG now owns 87,362 shares of the financial services provider’s stock worth $11,057,000 after purchasing an additional 8,949 shares during the period. Finally, Huntington National Bank lifted its holdings in Jones Lang LaSalle by 141.9% in the first quarter. Huntington National Bank now owns 849 shares of the financial services provider’s stock valued at $131,000 after buying an additional 498 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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