Jones Lang LaSalle (NYSE:JLL) Stock Price Expected to Rise, UBS Group Analyst Says

Jones Lang LaSalle (NYSE:JLL) had its price target lifted by equities researchers at UBS Group from $340.00 to $360.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price would suggest a potential upside of 27.33% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. Finally, 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 report on Tuesday, August 26th. One investment 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 stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus price target of $338.29.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $282.72 on Friday. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $322.36. The firm’s 50 day moving average is $298.64 and its 200-day moving average is $258.47. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 24.31 and a beta of 1.39. 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 announced its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the business earned $2.55 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds have recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new stake in Jones Lang LaSalle in the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Jones Lang LaSalle by 322.6% during the second 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 in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter worth $33,000. Caldwell Trust Co bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $38,000. Finally, SVB Wealth LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter worth $38,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.