Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Jones Lang LaSalle (NYSE:JLL) Stock

Jones Lang LaSalle (NYSE:JLL) had its target price increased by equities researchers at Keefe, Bruyette & Woods from $375.00 to $415.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 15.24% from the company’s current price.

Other analysts have also issued research reports about the company. Raymond James Financial restated a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. UBS Group upped their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Barclays boosted their price target on Jones Lang LaSalle from $366.00 to $368.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $417.83.

Jones Lang LaSalle Stock Up 1.4%

JLL stock traded up $5.09 during mid-day trading on Monday, reaching $360.12. The company had a trading volume of 128,322 shares, compared to its average volume of 459,800. Jones Lang LaSalle has a 52 week low of $259.83 and a 52 week high of $365.91. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 17.26 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a 50 day simple moving average of $312.51 and a two-hundred day simple moving average of $317.09.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. During the same period last year, the business earned $3.30 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, equities analysts predict that Jones Lang LaSalle will post 22.86 earnings per share for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the transaction, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth $29,000. Activest Wealth Management increased its position in Jones Lang LaSalle by 1,720.0% during the 4th 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 in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Jones Lang LaSalle in the 4th quarter worth $35,000. Finally, Bayforest Capital Ltd purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at $55,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

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.