Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $292.00

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

A number of other equities analysts have also recently commented on the company. Raymond James raised their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $255.20.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $262.83 on Tuesday. Jones Lang LaSalle has a 1-year low of $150.39 and a 1-year high of $288.50. The business’s fifty day moving average price is $264.28 and its 200-day moving average price is $234.27. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 26.58 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.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JLL. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $34,000. UMB Bank n.a. lifted its holdings in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $37,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors 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.