Jones Lang LaSalle Incorporated (JLL) Rating Increased to Buy at ValuEngine
Jones Lang LaSalle Incorporated (NYSE:JLL) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Several other equities research analysts have also recently weighed in on JLL. BidaskClub raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Monday, July 10th. Barclays PLC boosted their price objective on Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. UBS AG initiated coverage on Jones Lang LaSalle in a research note on Wednesday, July 26th. They set a “neutral” rating and a $134.00 target price on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $132.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $133.57.
Shares of Jones Lang LaSalle (NYSE JLL) traded up 0.29% during midday trading on Wednesday, reaching $131.24. The company had a trading volume of 246,839 shares. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 19.82 and a beta of 1.80. Jones Lang LaSalle has a 52 week low of $86.62 and a 52 week high of $134.76. The stock has a 50-day moving average of $123.12 and a 200 day moving average of $119.39.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm posted $1.93 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts anticipate that Jones Lang LaSalle will post $8.22 earnings per share for the current year.
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In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $123.07, for a total transaction of $123,070.00. Following the completion of the sale, the director now owns 46,417 shares in the company, valued at $5,712,540.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.72% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $263,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $105,000. IFP Advisors Inc lifted its holdings in shares of Jones Lang LaSalle by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 6 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Jones Lang LaSalle by 406.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 883 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $147,000. Institutional investors own 90.31% of the company’s stock.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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