Jones Lang LaSalle (NYSE:JLL) Lifted to Buy at StockNews.com

Jones Lang LaSalle (NYSE:JLLGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other research firms have also weighed in on JLL. Raymond James upped their target price on shares of Jones Lang LaSalle from $173.00 to $199.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Finally, UBS Group lowered their price target on Jones Lang LaSalle from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $186.14.

Read Our Latest Stock Report on JLL

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded down $1.21 during trading hours on Wednesday, hitting $185.71. 256,094 shares of the company were exchanged, compared to its average volume of 276,372. Jones Lang LaSalle has a 52-week low of $119.46 and a 52-week high of $193.82. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $179.78 and a 200 day simple moving average of $162.10. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 39.43 and a beta of 1.43.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.53. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.90% and a net margin of 1.11%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.36 EPS. Research analysts predict that Jones Lang LaSalle will post 6.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in Jones Lang LaSalle by 644.6% during the 4th quarter. Morgan Stanley now owns 1,698,480 shares of the financial services provider’s stock valued at $270,687,000 after buying an additional 1,470,373 shares in the last quarter. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth about $97,222,000. Long Pond Capital LP boosted its stake in Jones Lang LaSalle by 3,155.9% in the 2nd quarter. Long Pond Capital LP now owns 503,882 shares of the financial services provider’s stock worth $78,505,000 after purchasing an additional 488,406 shares in the last quarter. Millennium Management LLC grew its position in Jones Lang LaSalle by 78.7% during the 4th quarter. Millennium Management LLC now owns 856,431 shares of the financial services provider’s stock valued at $136,489,000 after purchasing an additional 377,046 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after buying an additional 270,404 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

About Jones Lang LaSalle

(Get Free Report)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

See Also

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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