Keefe, Bruyette & Woods Issues Positive Forecast for Jones Lang LaSalle (NYSE:JLL) Stock Price

Jones Lang LaSalle (NYSE:JLL) had its target price lifted by equities researchers at Keefe, Bruyette & Woods from $280.00 to $292.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 9.36% from the company’s current price.

JLL has been the subject of several other reports. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James increased their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $255.20.

Jones Lang LaSalle Price Performance

JLL stock opened at $267.00 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $12.67 billion, a P/E ratio of 27.00 and a beta of 1.37. The business has a 50 day simple moving average of $264.01 and a 200-day simple moving average of $234.07. Jones Lang LaSalle has a twelve month low of $146.34 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $5.62 billion. During the same period last year, the firm posted $2.01 EPS. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts anticipate that Jones Lang LaSalle will post 13.17 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JLL. Brooklyn Investment Group purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $34,000. UMB Bank n.a. lifted its stake in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new position in Jones Lang LaSalle during the third quarter worth about $37,000. Massmutual Trust Co. FSB ADV increased its holdings in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after buying an additional 39 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at approximately $34,000. 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.