Jones Lang LaSalle (NYSE:JLL) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Jones Lang LaSalle (NYSE:JLL) had its price target boosted by Keefe, Bruyette & Woods from $280.00 to $292.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

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

Jones Lang LaSalle Price Performance

NYSE JLL opened at $261.13 on Tuesday. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 26.40 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 stock’s fifty day moving average price is $264.60 and its 200 day moving average price is $234.81. Jones Lang LaSalle has a 1 year low of $152.28 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating 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 firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the firm earned $2.01 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts forecast that Jones Lang LaSalle will post 13.17 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

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