Jones Lang LaSalle (NYSE:JLL) Rating Increased to Strong-Buy at StockNews.com

Jones Lang LaSalle (NYSE:JLL) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also weighed in on JLL. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price on the stock. Finally, TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $191.09 on Tuesday. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $200.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market cap of $9.08 billion, a P/E ratio of 41.01 and a beta of 1.43. The firm’s 50-day simple moving average is $186.65 and its 200-day simple moving average is $174.00.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. The business 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 5.74% and a net margin of 1.09%. Jones Lang LaSalle’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. As a group, research analysts expect that Jones Lang LaSalle will post 11.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $97,222,000. Price T Rowe Associates Inc. MD lifted its stake in Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after buying an additional 270,404 shares during the period. Epoch Investment Partners Inc. grew its position in shares of Jones Lang LaSalle by 3,097.2% during the 4th quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock worth $36,497,000 after buying an additional 187,196 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $32,639,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock valued at $269,512,000 after acquiring an additional 142,887 shares during the period. 94.80% of the stock is owned by institutional investors.

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.