Jones Lang LaSalle (NYSE:JLL) Rating Increased to Outperform 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, Marketbeat Ratings reports. They currently have $353.00 price target on the financial services provider’s stock.

Several other analysts also recently commented on JLL. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $271.50.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $283.71 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $13.46 billion, a P/E ratio of 28.69 and a beta of 1.37. The stock’s fifty day moving average is $265.81 and its two-hundred day moving average is $238.72. Jones Lang LaSalle has a 52 week low of $153.26 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results 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. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the business posted $2.01 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle will post 13.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in Jones Lang LaSalle during the third quarter valued at about $218,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $146,000. Sanctuary Advisors LLC grew its holdings in shares of Jones Lang LaSalle by 19.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,809 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 453 shares in the last quarter. TCW Group Inc. increased its position in shares of Jones Lang LaSalle by 10.6% during the third quarter. TCW Group Inc. now owns 293,589 shares of the financial services provider’s stock valued at $79,213,000 after purchasing an additional 28,084 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in Jones Lang LaSalle by 9.6% during the third quarter. TD Private Client Wealth LLC now owns 1,885 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 165 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

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.