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

Jones Lang LaSalle (NYSE:JLL) had its price objective increased by Raymond James from $317.00 to $320.00 in a research note published on Friday morning,Benzinga reports. Raymond James currently has a strong-buy rating on the financial services provider’s stock.

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

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $276.26 on Friday. The stock’s 50-day moving average is $262.63 and its two-hundred day moving average is $256.64. 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 company has a market cap of $13.11 billion, a price-to-earnings ratio of 27.93 and a beta of 1.36. Jones Lang LaSalle has a 1-year low of $168.36 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 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter last year, the company earned $2.01 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle will post 13.61 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Calamos Advisors LLC purchased a new position in Jones Lang LaSalle during the 4th quarter worth $1,827,000. Trust Point Inc. lifted its position in Jones Lang LaSalle by 352.8% in the fourth quarter. Trust Point Inc. now owns 3,917 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 3,052 shares during the period. Boston Trust Walden Corp boosted its holdings in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after purchasing an additional 5,663 shares in the last quarter. CENTRAL TRUST Co acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $69,000. Finally, Greenleaf Trust lifted its holdings in shares of Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock valued at $409,000 after buying an additional 47 shares during the period. 94.80% of the stock is owned by hedge funds and other 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.