Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $268.00

Jones Lang LaSalle (NYSE:JLL) had its target price raised by Raymond James from $246.00 to $268.00 in a research report report published on Thursday morning, Benzinga reports. Raymond James currently has a strong-buy rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the stock. StockNews.com raised shares of Jones Lang LaSalle from a buy rating to a strong-buy rating in a research report on Wednesday, July 10th. Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They set a buy rating and a $246.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an overweight rating in a report on Friday, June 21st. UBS Group lifted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a buy rating in a report on Wednesday, July 3rd. Finally, Wolfe Research reissued a peer perform rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Jones Lang LaSalle presently has an average rating of Moderate Buy and an average target price of $233.67.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $250.83 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $11.93 billion, a P/E ratio of 40.33 and a beta of 1.38. The company’s 50 day moving average price is $209.84 and its two-hundred day moving average price is $193.35. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $252.09.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, analysts expect that Jones Lang LaSalle will post 12.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tandem Capital Management Corp ADV grew its holdings in shares of Jones Lang LaSalle by 0.4% during the second quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock worth $2,779,000 after purchasing an additional 55 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Jones Lang LaSalle by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock valued at $4,419,000 after acquiring an additional 84 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Jones Lang LaSalle by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after acquiring an additional 96 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Jones Lang LaSalle by 27.1% during the 2nd quarter. GAMMA Investing LLC now owns 534 shares of the financial services provider’s stock worth $110,000 after buying an additional 114 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Jones Lang LaSalle by 8.6% during the 2nd quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock worth $315,000 after buying an additional 121 shares in the last quarter. 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.