Jones Lang LaSalle (NYSE:JLL) Given New $230.00 Price Target at JPMorgan Chase & Co.

Jones Lang LaSalle (NYSE:JLLFree Report) had its target price hoisted by JPMorgan Chase & Co. from $215.00 to $230.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

JLL has been the subject of several other research reports. StockNews.com lowered shares of Jones Lang LaSalle from a strong-buy rating to a buy rating in a research note on Friday. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a buy rating and a $246.00 target price on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a market perform rating in a report on Wednesday, May 8th. Wolfe Research reissued a peer perform rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Finally, Raymond James raised Jones Lang LaSalle from an outperform rating to a strong-buy rating and lifted their target price for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of Moderate Buy and a consensus target price of $216.67.

View Our Latest Stock Analysis on Jones Lang LaSalle

Jones Lang LaSalle Price Performance

JLL opened at $205.54 on Friday. Jones Lang LaSalle has a 52-week low of $119.46 and a 52-week high of $213.33. The company has a market cap of $9.78 billion, a P/E ratio of 33.05 and a beta of 1.40. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $194.79 and a two-hundred day moving average of $187.02.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Jones Lang LaSalle will post 12.22 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of large investors have recently made changes to their positions in the business. Tributary Capital Management LLC grew its stake in Jones Lang LaSalle by 1.9% in the fourth quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 83 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Jones Lang LaSalle by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 96 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Jones Lang LaSalle by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 20,816 shares of the financial services provider’s stock valued at $2,939,000 after acquiring an additional 110 shares during the period. Rise Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the first quarter worth $30,000. Finally, Mackenzie Financial Corp raised its stake in Jones Lang LaSalle by 9.6% during the 4th quarter. Mackenzie Financial Corp now owns 1,808 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Jones Lang LaSalle

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.