Raymond James Issues Positive Forecast for Jones Lang LaSalle (NYSE:JLL) Stock Price

Jones Lang LaSalle (NYSE:JLL) had its target price hoisted by research analysts at Raymond James from $317.00 to $320.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the financial services provider’s stock. Raymond James’ target price indicates a potential upside of 15.36% from the stock’s current price.

JLL has been the subject of several other research reports. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Up 1.3 %

Jones Lang LaSalle stock traded up $3.51 during trading on Friday, reaching $277.39. The stock had a trading volume of 93,445 shares, compared to its average volume of 280,531. Jones Lang LaSalle has a 52-week low of $168.36 and a 52-week high of $288.50. The business has a 50 day moving average price of $262.33 and a 200 day moving average price of $256.13. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.16 billion, a PE ratio of 28.09 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.01 earnings per share. On average, analysts predict that Jones Lang LaSalle will post 13.61 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Custom Index Systems LLC increased its holdings in shares of Jones Lang LaSalle by 6.6% in the 4th quarter. Custom Index Systems LLC now owns 4,288 shares of the financial services provider’s stock valued at $1,085,000 after purchasing an additional 264 shares in the last quarter. Hunter Associates Investment Management LLC grew its position in Jones Lang LaSalle by 18.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 12,859 shares of the financial services provider’s stock worth $3,274,000 after buying an additional 1,986 shares during the period. R Squared Ltd purchased a new position in Jones Lang LaSalle in the fourth quarter valued at about $35,000. Pacer Advisors Inc. boosted its stake in shares of Jones Lang LaSalle by 26.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,818 shares of the financial services provider’s stock worth $2,232,000 after acquiring an additional 1,866 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth approximately $5,139,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.