Jones Lang LaSalle (NYSE:JLL) Price Target Raised to $345.00

Jones Lang LaSalle (NYSE:JLL) had its target price increased by Keefe, Bruyette & Woods from $317.00 to $345.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also recently commented on JLL. JMP Securities started coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. The Goldman Sachs Group increased their price objective on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. Finally, UBS Group upped their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $338.29.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $282.72 on Thursday. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 24.31 and a beta of 1.39. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $322.36. The company’s 50-day moving average price is $298.64 and its 200 day moving average price is $258.47. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.55 EPS. As a group, research analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Chilton Capital Management LLC purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth about $33,000. Caldwell Trust Co purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $38,000. Finally, SVB Wealth LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth about $38,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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.