Jones Lang LaSalle (NYSE:JLL) Upgraded at StockNews.com

StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLL - Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

A number of other brokerages have also recently issued reports on JLL. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a "buy" rating and a $352.00 price target for the company. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. Raymond James raised their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $309.00.

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Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded up $9.81 during mid-day trading on Friday, hitting $260.06. The company had a trading volume of 214,011 shares, compared to its average volume of 297,380. Jones Lang LaSalle has a 12 month low of $171.45 and a 12 month high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm has a market cap of $12.32 billion, a P/E ratio of 23.03 and a beta of 1.36. The business's 50-day simple moving average is $266.84 and its 200-day simple moving average is $264.65.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.23 EPS. As a group, analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Large investors have recently made changes to their positions in the business. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after buying an additional 56 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Jones Lang LaSalle during the third quarter worth approximately $34,000. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $35,000. Principal Securities Inc. increased its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Company Profile

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.