Jones Lang LaSalle (NYSE:JLL) Stock Price Expected to Rise, Raymond James Analyst Says

Jones Lang LaSalle (NYSE:JLL) had its target price upped by analysts at Raymond James from $317.00 to $320.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “strong-buy” rating on the financial services provider’s stock. Raymond James’ price objective would indicate a potential upside of 15.84% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Wolfe Research upgraded shares of 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 report on Monday, November 25th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $276.26 on Friday. The stock has a market cap of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36. Jones Lang LaSalle has a twelve month low of $168.36 and a twelve month high of $288.50. The stock has a 50 day moving average of $262.63 and a two-hundred day moving average of $256.99. 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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.62 billion. During the same period in the previous year, the business posted $2.01 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle will post 13.61 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Jones Lang LaSalle by 143.6% in the 2nd quarter. Sei Investments Co. now owns 21,660 shares of the financial services provider’s stock valued at $4,447,000 after buying an additional 12,767 shares in the last quarter. Xponance Inc. raised its holdings in shares of Jones Lang LaSalle by 14.1% in the second quarter. Xponance Inc. now owns 6,480 shares of the financial services provider’s stock worth $1,330,000 after acquiring an additional 799 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Jones Lang LaSalle during the second quarter valued at $17,110,000. AQR Capital Management LLC increased its position in Jones Lang LaSalle by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $14,590,000 after purchasing an additional 30,839 shares in the last quarter. Finally, Select Equity Group L.P. acquired a new position in Jones Lang LaSalle in the 2nd quarter valued at about $55,152,000. Institutional investors and hedge funds 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.