UBS Group Raises Jones Lang LaSalle (NYSE:JLL) Price Target to $240.00

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

Several other research firms have also commented on JLL. Wolfe Research reaffirmed a peer perform rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. StockNews.com lowered Jones Lang LaSalle from a strong-buy rating to a buy rating in a research report on Friday, June 21st. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a market perform rating in a research report on Wednesday, May 8th. Raymond James raised Jones Lang LaSalle from an outperform rating to a strong-buy rating and lifted their price target for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an overweight rating in a research report on Friday, June 21st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $223.33.

Jones Lang LaSalle Price Performance

JLL stock opened at $202.15 on Wednesday. The business has a 50 day moving average price of $199.36 and a 200 day moving average price of $188.65. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 32.50 and a beta of 1.38. Jones Lang LaSalle has a fifty-two week low of $119.46 and a fifty-two week high of $213.33. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rise Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $30,000. Atlas Capital Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $35,000. Riverview Trust Co purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $38,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $47,000. Finally, LRI Investments LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $58,000. Institutional investors and hedge funds 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.