Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $327.00

Jones Lang LaSalle (NYSE:JLL) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $263.00 to $327.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 19.72% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $301.57.

Jones Lang LaSalle Stock Performance

NYSE JLL traded up $3.55 during trading hours on Monday, hitting $273.13. The company had a trading volume of 60,347 shares, compared to its average volume of 286,317. Jones Lang LaSalle has a fifty-two week low of $167.11 and a fifty-two week high of $288.50. The firm has a market cap of $12.96 billion, a P/E ratio of 27.62 and a beta of 1.34. 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 business has a fifty day simple moving average of $269.20 and a 200-day simple moving average of $246.31.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.01 EPS. Equities analysts predict that Jones Lang LaSalle will post 13.37 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of institutional investors have recently modified their holdings of JLL. Wealth Enhancement Advisory Services LLC increased its stake in shares of Jones Lang LaSalle by 782.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock valued at $1,871,000 after buying an additional 8,080 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Jones Lang LaSalle by 31.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,265 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 538 shares during the last quarter. Blue Trust Inc. lifted its holdings in Jones Lang LaSalle by 129.8% in the second quarter. Blue Trust Inc. now owns 439 shares of the financial services provider’s stock valued at $86,000 after buying an additional 248 shares during the period. Raymond James & Associates grew its holdings in Jones Lang LaSalle by 13.0% during the 2nd quarter. Raymond James & Associates now owns 92,798 shares of the financial services provider’s stock worth $19,050,000 after acquiring an additional 10,704 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Jones Lang LaSalle by 0.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock valued at $4,419,000 after acquiring an additional 84 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

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.