Jones Lang LaSalle (NYSE:JLL) Rating Increased to Outperform at Wolfe Research

Wolfe Research upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a peer perform rating to an outperform rating in a research report released on Monday morning, MarketBeat.com reports. The firm currently has $353.00 target price on the financial services provider’s stock.

Several other analysts have also issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus price target of $271.50.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $282.22 on Monday. Jones Lang LaSalle has a fifty-two week low of $153.26 and a fifty-two week high of $288.50. The company’s 50-day moving average is $266.95 and its 200 day moving average is $239.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $13.39 billion, a P/E ratio of 28.54 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 EPS. On average, equities research analysts forecast that Jones Lang LaSalle will post 13.17 earnings per share for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank grew its position in Jones Lang LaSalle by 22.9% in the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares during the period. Parallel Advisors LLC lifted its position in Jones Lang LaSalle by 3.1% during the second quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after buying an additional 49 shares during the period. Finally, First Bank & Trust boosted its stake in Jones Lang LaSalle by 2.5% during the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock worth $607,000 after acquiring an additional 54 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.