Jones Lang LaSalle (NYSE:JLL) PT Raised to $200.00 at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its target price increased by analysts at Keefe, Bruyette & Woods from $190.00 to $200.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 3.14% from the stock’s current price.

Several other research firms have also issued reports on JLL. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Jefferies Financial Group assumed 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, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Three investment 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $193.91 on Wednesday. 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 business has a fifty day simple moving average of $186.72 and a 200 day simple moving average of $174.14. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 41.61 and a beta of 1.43.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. Sell-side analysts expect that Jones Lang LaSalle will post 11.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JLL. Orion Portfolio Solutions LLC boosted its position in Jones Lang LaSalle by 5.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 12,999 shares of the financial services provider’s stock valued at $2,536,000 after buying an additional 656 shares during the last quarter. Blair William & Co. IL boosted its holdings in Jones Lang LaSalle by 14.1% in the first quarter. Blair William & Co. IL now owns 46,842 shares of the financial services provider’s stock valued at $9,138,000 after acquiring an additional 5,780 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Jones Lang LaSalle by 11.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 51,843 shares of the financial services provider’s stock worth $10,114,000 after purchasing an additional 5,289 shares during the period. QRG Capital Management Inc. lifted its position in Jones Lang LaSalle by 7.2% during the 1st quarter. QRG Capital Management Inc. now owns 5,536 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 371 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 7.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 14,441 shares of the financial services provider’s stock valued at $2,817,000 after purchasing an additional 1,025 shares during the last quarter. 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.