Jones Lang LaSalle (NYSE:JLL) Given New $240.00 Price Target at UBS Group

Jones Lang LaSalle (NYSE:JLL) had its price objective lifted by UBS Group from $225.00 to $240.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on JLL. Raymond James raised Jones Lang LaSalle from an outperform rating to a strong-buy rating and raised their target price for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an overweight rating in a report on Friday, June 21st. Wolfe Research reaffirmed a peer perform rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a buy rating and a $246.00 price target for the company. Finally, StockNews.com lowered Jones Lang LaSalle from a strong-buy rating to a buy rating in a research report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $223.33.

Jones Lang LaSalle Trading Up 1.5 %

Shares of NYSE:JLL opened at $206.51 on Wednesday. The company has a market capitalization of $9.82 billion, a P/E ratio of 33.20 and a beta of 1.38. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $213.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. The business’s 50 day simple moving average is $198.44 and its 200 day simple moving average is $188.39.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. On average, research analysts anticipate that Jones Lang LaSalle will post 12.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Jones Lang LaSalle by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock worth $269,512,000 after buying an additional 142,887 shares during the period. Equity Investment Corp lifted its holdings in Jones Lang LaSalle by 2.9% during the 4th quarter. Equity Investment Corp now owns 418,115 shares of the financial services provider’s stock worth $78,969,000 after buying an additional 11,785 shares during the period. Allianz Asset Management GmbH lifted its holdings in Jones Lang LaSalle by 112.2% during the 4th quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock worth $11,470,000 after buying an additional 32,104 shares during the period. Assenagon Asset Management S.A. acquired a new position in Jones Lang LaSalle during the 4th quarter worth about $5,148,000. Finally, TD Asset Management Inc acquired a new position in Jones Lang LaSalle during the 4th quarter worth about $10,722,000. 94.80% of the stock is owned by institutional investors and hedge funds.

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.