Jones Lang LaSalle (NYSE:JLL) Sets New 12-Month High at $196.61

Jones Lang LaSalle Incorporated (NYSE:JLL)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $196.61 and last traded at $194.85, with a volume of 16965 shares traded. The stock had previously closed at $193.88.

Analyst Ratings Changes

JLL has been the subject of a number of research analyst reports. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $173.00 to $199.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $174.00.

Jones Lang LaSalle Price Performance

The company has a market cap of $9.27 billion, a P/E ratio of 41.56 and a beta of 1.42. The firm has a 50 day moving average price of $182.72 and a two-hundred day moving average price of $164.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.53. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $4.36 EPS. On average, analysts predict that Jones Lang LaSalle Incorporated will post 11.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of large investors have recently modified their holdings of JLL. Covestor Ltd raised its holdings in Jones Lang LaSalle by 61.3% in the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 57 shares during the last quarter. Cerity Partners LLC raised its holdings in Jones Lang LaSalle by 2.0% during the second quarter. Cerity Partners LLC now owns 3,042 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 61 shares during the period. Tributary Capital Management LLC grew its position in shares of Jones Lang LaSalle by 1.9% during the fourth quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 83 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Jones Lang LaSalle by 2.5% in the 1st quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider’s stock worth $818,000 after buying an additional 84 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Jones Lang LaSalle by 78.7% during the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 96 shares during the period. 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.