Jones Lang LaSalle (NYSE:JLL) Reaches New 52-Week High at $210.83

Shares of Jones Lang LaSalle Incorporated (NYSE:JLLGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $210.83 and last traded at $209.95, with a volume of 10439 shares traded. The stock had previously closed at $207.65.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $214.00.

Check Out Our Latest Report on JLL

Jones Lang LaSalle Stock Performance

The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 33.40 and a beta of 1.40. The stock’s 50 day moving average price is $192.16 and its two-hundred day moving average price is $185.37.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 12.22 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently made changes to their positions in the business. Swedbank AB purchased a new position in Jones Lang LaSalle in the 1st quarter valued at about $97,018,000. EdgePoint Investment Group Inc. lifted its holdings in Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after purchasing an additional 443,992 shares in the last quarter. Tandem Capital Management Corp ADV lifted its holdings in Jones Lang LaSalle by 3.8% in the 1st quarter. Tandem Capital Management Corp ADV now owns 13,692 shares of the financial services provider’s stock valued at $2,671,000 after purchasing an additional 505 shares in the last quarter. Comerica Bank increased its stake in shares of Jones Lang LaSalle by 24.5% during the 1st quarter. Comerica Bank now owns 26,681 shares of the financial services provider’s stock valued at $5,205,000 after acquiring an additional 5,255 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in shares of Jones Lang LaSalle by 1.2% during the 1st quarter. SkyView Investment Advisors LLC now owns 89,335 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 1,057 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Company Profile

(Get Free Report)

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.

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