Raymond James Financial started coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research note published on Tuesday, MarketBeat reports. The brokerage issued an outperform rating and a $175.00 target price on the financial services provider’s stock.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a hold rating to a buy rating and set a $170.00 target price on the stock in a report on Monday, February 5th. William Blair restated an outperform rating on shares of Jones Lang LaSalle in a report on Friday, February 2nd. ValuEngine upgraded shares of Jones Lang LaSalle from a hold rating to a buy rating in a report on Friday, February 2nd. Barclays upped their target price on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the company an overweight rating in a report on Tuesday, January 30th. Finally, JMP Securities lowered shares of Jones Lang LaSalle from an outperform rating to a market perform rating in a report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $146.00.

Shares of Jones Lang LaSalle (NYSE JLL) opened at $150.22 on Tuesday. The company has a market cap of $6,872.56, a PE ratio of 27.07, a P/E/G ratio of 1.46 and a beta of 1.85. Jones Lang LaSalle has a 12 month low of $101.83 and a 12 month high of $158.82. The company has a quick ratio of 1.60, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, beating the Zacks’ consensus estimate of $4.22 by $0.70. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.95 EPS. equities analysts anticipate that Jones Lang LaSalle will post 9.43 earnings per share for the current year.

In other news, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the transaction, the director now directly owns 35 shares in the company, valued at approximately $5,226.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeff A. Jacobson sold 6,713 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now owns 4,489 shares in the company, valued at $661,768.38. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in shares of Jones Lang LaSalle by 814.6% during the 4th quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 725 shares during the period. M&T Bank Corp purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $206,000. Parametrica Management Ltd purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth about $212,000. Levin Capital Strategies L.P. acquired a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $223,000. Finally, Clinton Group Inc. acquired a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $224,000. Institutional investors and hedge funds own 90.58% of the company’s stock.

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About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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