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

Jones Lang LaSalle (NYSE:JLLGet Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. UBS Group increased their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Finally, Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus price target of $223.33.

View Our Latest Analysis on Jones Lang LaSalle

Jones Lang LaSalle Trading Up 0.8 %

Shares of JLL traded up $1.55 during mid-day trading on Wednesday, reaching $207.59. The company had a trading volume of 192,293 shares, compared to its average volume of 271,604. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 33.37 and a beta of 1.38. The firm has a fifty day simple moving average of $200.81 and a 200-day simple moving average of $189.17. Jones Lang LaSalle has a fifty-two week low of $119.46 and a fifty-two week high of $213.33.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Jones Lang LaSalle will post 12.36 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

A number of large investors have recently modified their holdings of JLL. Rise Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $30,000. Atlas Capital Advisors LLC acquired a new position in Jones Lang LaSalle during the 1st quarter worth $35,000. Riverview Trust Co bought a new position in shares of Jones Lang LaSalle in the first quarter worth $38,000. Bruce G. Allen Investments LLC acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $47,000. Finally, Mather Group LLC. lifted its holdings in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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