Jones Lang LaSalle (NYSE:JLL) Raised to “Strong-Buy” at StockNews.com

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

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group began coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target on the stock. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Finally, TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $206.00.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded down $0.75 during midday trading on Tuesday, reaching $190.39. The company’s stock had a trading volume of 437,557 shares, compared to its average volume of 275,073. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 40.86 and a beta of 1.43. Jones Lang LaSalle has a one year low of $119.46 and a one year high of $200.73. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $186.54 and a 200 day moving average price of $173.88.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.93. The company had revenue of $5.12 billion for 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%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, equities research analysts expect that Jones Lang LaSalle will post 11.98 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $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 acquiring an additional 270,404 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Jones Lang LaSalle by 3,097.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock worth $36,497,000 after acquiring an additional 187,196 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth $32,639,000. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 142,887 shares during the period. Hedge funds and other institutional investors 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.