Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Price Target at $301.57

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has been given an average rating of "Buy" by the seven ratings firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $301.57.

A number of research analysts recently issued reports on JLL shares. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a report on Monday, November 25th.

Hedge Funds Weigh In On Jones Lang LaSalle

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Jones Lang LaSalle by 42.1% in the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock valued at $9,276,000 after acquiring an additional 10,186 shares during the period. Dorsey Wright & Associates acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $4,276,000. Lord Abbett & CO. LLC purchased a new position in Jones Lang LaSalle during the 3rd quarter worth $24,283,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Jones Lang LaSalle by 29.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider's stock valued at $2,869,000 after purchasing an additional 2,430 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $719,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Trading Up 0.5 %

NYSE JLL traded up $1.39 during trading on Tuesday, hitting $255.48. The stock had a trading volume of 68,440 shares, compared to its average volume of 289,388. The company has a market capitalization of $12.12 billion, a PE ratio of 25.83 and a beta of 1.34. Jones Lang LaSalle has a twelve month low of $167.11 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $268.77 and a 200 day moving average price of $248.80.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 EPS. As a group, equities research analysts forecast that Jones Lang LaSalle will post 13.37 earnings per share for the current year.

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.