Jones Lang LaSalle (NYSE:JLL) Upgraded to Strong-Buy by StockNews.com

Jones Lang LaSalle (NYSE:JLL) was upgraded by investment 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 reports about the company. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average price target of $214.00.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $191.09 on Tuesday. The company has a market capitalization of $9.08 billion, a PE ratio of 41.01 and a beta of 1.43. The business has a fifty day moving average price of $186.65 and a 200-day moving average price of $174.00. Jones Lang LaSalle has a 1-year low of $119.46 and a 1-year high of $200.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

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 the consensus estimate 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 net margin of 1.09% and a return on equity of 5.74%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, equities analysts expect that Jones Lang LaSalle will post 11.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors have recently made changes to their positions in JLL. Rise Advisors LLC purchased a new stake in Jones Lang LaSalle during the first quarter valued at approximately $30,000. Atlas Capital Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $35,000. Riverview Trust Co bought a new position in Jones Lang LaSalle in the 1st quarter worth $38,000. Bruce G. Allen Investments LLC purchased a new position in Jones Lang LaSalle during the fourth quarter valued at $47,000. Finally, GAMMA Investing LLC bought a new stake in Jones Lang LaSalle during the fourth quarter valued at about $71,000. Institutional investors own 94.80% of the company’s stock.

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.