Jones Lang LaSalle (NYSE:JLL) Upgraded by StockNews.com to "Strong-Buy" Rating

Jones Lang LaSalle (NYSE:JLL - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Wednesday.

Several other research analysts also recently weighed in on JLL. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their target price 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. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a report on Monday, November 25th. 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 for the company. Finally, Keefe, Bruyette & Woods raised 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 report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of "Buy" and a consensus price target of $309.00.

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Jones Lang LaSalle Stock Performance

JLL traded down $6.57 during mid-day trading on Wednesday, reaching $250.29. 588,805 shares of the company traded hands, compared to its average volume of 293,653. The stock has a market capitalization of $11.86 billion, a P/E ratio of 22.17 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The company's fifty day moving average price is $266.68 and its 200-day moving average price is $264.57. Jones Lang LaSalle has a 52-week low of $171.45 and a 52-week high of $288.50.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JLL. Farther Finance Advisors LLC raised its position in shares of Jones Lang LaSalle by 4.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,998 shares of the financial services provider's stock valued at $539,000 after buying an additional 80 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Jones Lang LaSalle by 17.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider's stock valued at $2,117,000 after buying an additional 1,179 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Jones Lang LaSalle by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider's stock valued at $2,972,000 after buying an additional 54 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Jones Lang LaSalle by 2.4% during the 3rd quarter. QRG Capital Management Inc. now owns 5,710 shares of the financial services provider's stock valued at $1,541,000 after buying an additional 133 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at about $1,322,000. 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.