Jones Lang LaSalle (NYSE:JLL) Rating Increased to Strong-Buy at Wall Street Zen

Jones Lang LaSalle (NYSE:JLL) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

A number of other research analysts have also recently commented on JLL. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays assumed coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target on the stock. UBS Group lifted their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.71.

Jones Lang LaSalle Trading Up 1.0%

NYSE:JLL opened at $349.87 on Friday. The business’s 50-day moving average is $324.92 and its two-hundred day moving average is $300.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $16.51 billion, a PE ratio of 26.83 and a beta of 1.42. Jones Lang LaSalle has a 12 month low of $194.36 and a 12 month high of $356.57.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $3.50 EPS. Research analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $6,609,091. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

Several institutional investors have recently modified their holdings of JLL. Sunbelt Securities Inc. bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth $25,000. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 last quarter. Caldwell Trust Co bought a new stake in Jones Lang LaSalle in the second quarter valued at approximately $38,000. Finally, Quent Capital LLC acquired a new stake in Jones Lang LaSalle in the third quarter worth $41,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.