Jones Lang LaSalle (NYSE:JLL) Now Covered by The Goldman Sachs Group

Research analysts at The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle (NYSE:JLL - Get Free Report) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set a "buy" rating and a $352.00 price target on the financial services provider's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 26.91% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a research report on Tuesday, November 12th. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $283.00.

Jones Lang LaSalle Trading Up 1.4 %

JLL stock traded up $3.90 during trading on Friday, reaching $277.37. 307,795 shares of the stock traded hands, compared to its average volume of 287,056. The business's 50 day moving average price is $268.34 and its 200-day moving average price is $242.53. The firm has a market capitalization of $13.16 billion, a PE ratio of 27.85 and a beta of 1.34. Jones Lang LaSalle has a 52-week low of $162.93 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

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

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth $34,000. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle during the third quarter worth about $34,000. UMB Bank n.a. increased its holdings in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC bought a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $37,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 39 shares during the period. 94.80% of the stock is owned by institutional investors.

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.