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

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

Other equities research analysts also recently issued research reports about the stock. Raymond James increased their target price 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. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $255.20.

Jones Lang LaSalle Trading Down 2.5 %

NYSE:JLL opened at $266.44 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a 52-week low of $136.83 and a 52-week high of $288.50. The stock’s 50 day moving average price is $263.66 and its 200 day moving average price is $233.84. The company has a market capitalization of $12.64 billion, a PE ratio of 26.94 and a beta of 1.37.

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, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the company posted $2.01 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts anticipate that Jones Lang LaSalle will post 12.99 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in shares of 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 acquiring an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake 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 holdings 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 valued at $371,000 after purchasing an additional 47 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of 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 in the last quarter. Finally, First Bank & Trust raised its position 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 valued at $607,000 after buying an additional 54 shares during the period. 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.