Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $268.00

Jones Lang LaSalle (NYSE:JLL) had its price objective hoisted by Raymond James from $246.00 to $268.00 in a research note released on Thursday morning, Benzinga reports. Raymond James currently has a strong-buy rating on the financial services provider’s stock.

A number of other research analysts also recently commented on the stock. Wolfe Research reiterated a peer perform rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $200.00 to $240.00 and gave the company a market perform rating in a research note on Thursday. UBS Group raised their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a buy rating in a research report on Wednesday, July 3rd. StockNews.com upgraded shares of Jones Lang LaSalle from a buy rating to a strong-buy rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a buy rating and a $246.00 price target on the stock. Three investment 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 company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $233.67.

Jones Lang LaSalle Price Performance

JLL opened at $250.83 on Thursday. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $252.09. 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 firm has a market cap of $11.93 billion, a price-to-earnings ratio of 40.33 and a beta of 1.38. The company has a fifty day simple moving average of $209.84 and a 200 day simple moving average of $193.35.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts expect that Jones Lang LaSalle will post 12.4 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Several hedge funds have recently bought and sold shares of JLL. Norges Bank bought a new stake in Jones Lang LaSalle in the 4th quarter valued at about $97,222,000. Swedbank AB acquired a new position in Jones Lang LaSalle during the 1st quarter valued at about $97,018,000. EdgePoint Investment Group Inc. increased its stake in Jones Lang LaSalle by 27.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after buying an additional 443,992 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Jones Lang LaSalle by 84.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after buying an additional 270,404 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in Jones Lang LaSalle by 3,097.2% during the 4th quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after buying an additional 187,196 shares during the period. 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.