Jones Lang LaSalle (NYSE:JLL) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a peer perform rating to an outperform rating in a research report sent to investors on Monday morning, Marketbeat reports. They currently have $353.00 target price on the financial services provider’s stock.

Several other analysts have also issued reports on the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $271.50.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $282.22 on Monday. The firm has a market cap of $13.39 billion, a PE ratio of 28.43 and a beta of 1.37. The stock’s fifty day moving average price is $266.45 and its two-hundred day moving average price is $239.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle has a 1 year low of $153.26 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 (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%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. On average, equities research analysts forecast that Jones Lang LaSalle will post 13.17 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in Jones Lang LaSalle in the 2nd quarter worth about $34,000. Brooklyn Investment Group bought a new position in Jones Lang LaSalle in the 3rd quarter worth about $34,000. UMB Bank n.a. increased its stake in Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Jones Lang LaSalle in the 3rd quarter worth about $37,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. 94.80% of the stock is currently owned by 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.