Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $292.00 at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its target price raised by Keefe, Bruyette & Woods from $280.00 to $292.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on JLL. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James lifted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $255.20.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $266.44 on Tuesday. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 26.94 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a 50 day simple moving average of $263.66 and a 200-day simple moving average of $233.84. Jones Lang LaSalle has a 1-year low of $136.83 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.01 earnings per share. On average, analysts expect that Jones Lang LaSalle will post 12.99 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds have recently bought and sold shares of JLL. Harbor Capital Advisors Inc. raised its holdings in Jones Lang LaSalle by 433.3% in the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after acquiring an additional 9,381 shares in the last quarter. BDF Gestion purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $3,550,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of 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 worth $1,871,000 after purchasing an additional 8,080 shares in the last quarter. Comerica Bank raised its stake in Jones Lang LaSalle by 24.5% in the first quarter. Comerica Bank now owns 26,681 shares of the financial services provider’s stock valued at $5,205,000 after buying an additional 5,255 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth about $97,018,000. 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.