Wall Street Zen Upgrades Jones Lang LaSalle (NYSE:JLL) to Strong-Buy

Jones Lang LaSalle (NYSE:JLL) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

A number of other analysts have also commented on JLL. UBS Group boosted their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays initiated coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $350.71.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $349.87 on Friday. The stock has a 50 day simple moving average of $324.92 and a 200 day simple moving average of $300.80. Jones Lang LaSalle has a 52-week low of $194.36 and a 52-week high of $356.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market capitalization of $16.51 billion, a PE ratio of 26.83 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the sale, the chief executive officer owned 114,685 shares of the company’s stock, valued at $38,096,063.30. The trade was a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of large investors have recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle during the 3rd quarter worth $25,000. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $38,000. Finally, Quent Capital LLC bought a new stake in Jones Lang LaSalle during the third quarter worth $41,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.