Jones Lang LaSalle (NYSE:JLL) Raised to "Outperform" at Wolfe Research

Jones Lang LaSalle (NYSE:JLL - Get Free Report) was upgraded by investment analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage presently has a $353.00 target price on the financial services provider's stock. Wolfe Research's price target suggests a potential upside of 24.40% from the company's previous close.

JLL has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a research note on Tuesday, November 12th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $271.50.

Jones Lang LaSalle Stock Up 7.8 %

Shares of JLL stock traded up $20.50 on Monday, hitting $283.77. The stock had a trading volume of 415,371 shares, compared to its average volume of 286,962. 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 business has a 50 day moving average price of $265.28 and a 200 day moving average price of $238.08. The company has a market cap of $13.46 billion, a PE ratio of 28.68 and a beta of 1.37. Jones Lang LaSalle has a one year low of $153.26 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $2.01 earnings per share. Research analysts anticipate that Jones Lang LaSalle will post 13.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.