Keefe, Bruyette & Woods Raises Jones Lang LaSalle (NYSE:JLL) Price Target to $292.00

Jones Lang LaSalle (NYSE:JLL) had its price objective hoisted by equities research analysts at Keefe, Bruyette & Woods from $280.00 to $292.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 9.36% from the company’s previous close.

Several other equities analysts have also commented on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Raymond James raised their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $255.20.

Jones Lang LaSalle Stock Up 0.2 %

Shares of NYSE JLL opened at $267.00 on Tuesday. Jones Lang LaSalle has a 1 year low of $146.34 and a 1 year high of $288.50. The company has a market capitalization of $12.67 billion, a P/E ratio of 27.00 and a beta of 1.37. The company has a 50 day simple moving average of $264.01 and a 200-day simple moving average of $234.07. 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 (NYSE:JLL) last posted 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. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.01 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle will post 13.17 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several large investors have recently bought and sold shares of JLL. Huntington National Bank boosted its position in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings 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 in the last quarter. CIBC Asset Management Inc increased its stake in 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 during the last quarter. Parallel Advisors LLC raised its holdings in 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 worth $334,000 after purchasing an additional 49 shares in the last quarter. Finally, First Bank & Trust boosted its holdings in shares of Jones Lang LaSalle by 2.5% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.