JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Jones Lang LaSalle (NYSE:JLL) Stock

Jones Lang LaSalle (NYSE:JLL - Get Free Report) had its target price upped by investment analysts at JPMorgan Chase & Co. from $263.00 to $327.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 20.32% from the stock's previous close.

Several other equities analysts have also issued reports on JLL. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective for the company. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $301.57.

Jones Lang LaSalle Stock Performance

NYSE JLL traded up $2.19 during trading on Monday, hitting $271.77. The company's stock had a trading volume of 278,872 shares, compared to its average volume of 287,250. Jones Lang LaSalle has a 52 week low of $167.11 and a 52 week 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 market cap of $12.89 billion, a P/E ratio of 27.62 and a beta of 1.34. The firm has a 50 day moving average price of $269.20 and a 200 day moving average price of $246.31.

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

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock worth $952,624,000 after buying an additional 459,466 shares during the last quarter. Select Equity Group L.P. bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $55,152,000. Massachusetts Financial Services Co. MA raised its position in Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider's stock valued at $215,419,000 after purchasing an additional 181,246 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock worth $39,456,000 after purchasing an additional 146,150 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in shares of Jones Lang LaSalle by 43.0% in the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider's stock valued at $89,446,000 after buying an additional 99,613 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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.