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

Jones Lang LaSalle (NYSE:JLL) had its price objective increased by analysts at Raymond James from $317.00 to $320.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “strong-buy” rating on the financial services provider’s stock. Raymond James’ price target points to a potential upside of 15.36% from the company’s current price.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Finally, The Goldman Sachs Group began coverage on 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 equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Up 1.3 %

Shares of JLL traded up $3.51 during trading hours on Friday, hitting $277.39. The company had a trading volume of 93,445 shares, compared to its average volume of 280,531. Jones Lang LaSalle has a one year low of $168.36 and a one year high of $288.50. The company’s fifty day moving average price is $262.33 and its two-hundred day moving average price is $256.13. The company has a market capitalization of $13.16 billion, a PE ratio of 28.09 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $2.01 EPS. As a group, equities analysts forecast that Jones Lang LaSalle will post 13.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of large investors have recently modified their holdings of JLL. Brooklyn Investment Group acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $35,000. UMB Bank n.a. lifted its holdings in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle during the third quarter worth $37,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Jones Lang LaSalle by 37.5% in the third 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. Hedge funds and other institutional investors 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.