Barclays Forecasts Strong Price Appreciation for Jones Lang LaSalle (NYSE:JLL) Stock

Jones Lang LaSalle (NYSE:JLL) had its price target raised by equities research analysts at Barclays from $348.00 to $366.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 17.11% from the stock’s previous close.

JLL has been the subject of a number of other research reports. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. UBS Group boosted their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $368.33.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded down $3.25 during mid-day trading on Wednesday, hitting $312.53. 32,158 shares of the company’s stock traded hands, compared to its average volume of 493,873. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle has a 1 year low of $211.86 and a 1 year high of $363.06. The company’s 50-day moving average is $315.41 and its two-hundred day moving average is $322.74. The company has a market capitalization of $14.50 billion, a P/E ratio of 16.80 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.42. The company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.31 earnings per share. On average, equities analysts anticipate that Jones Lang LaSalle will post 22.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The SEC filing for this sale provides additional information. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JLL. Sunbelt Securities Inc. purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter worth $29,000. Activest Wealth Management grew its position in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Jones Lang LaSalle in the fourth quarter valued at $35,000. Finally, Chilton Capital Management LLC raised its position in shares of Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 33 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.