Jones Lang LaSalle (NYSE:JLL) Given New $327.00 Price Target at JPMorgan Chase & Co.

Jones Lang LaSalle (NYSE:JLL) had its target price upped by JPMorgan Chase & Co. from $263.00 to $327.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other research firms also recently weighed in on JLL. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. 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 raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $301.57.

Jones Lang LaSalle Trading Up 0.8 %

Shares of Jones Lang LaSalle stock opened at $271.65 on Monday. Jones Lang LaSalle has a 1-year low of $167.11 and a 1-year high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $12.89 billion, a P/E ratio of 27.47 and a beta of 1.34. The stock’s 50 day simple moving average is $269.44 and its 200-day simple moving average is $246.82.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.01 earnings per share. Analysts predict that Jones Lang LaSalle will post 13.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Dorsey Wright & Associates acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at about $4,276,000. Wealth Enhancement Advisory Services LLC boosted its position in Jones Lang LaSalle by 782.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock worth $1,871,000 after acquiring an additional 8,080 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Jones Lang LaSalle by 29.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock worth $2,869,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Jones Lang LaSalle in the 3rd quarter worth about $719,000. 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.