Jones Lang LaSalle (NYSE:JLL) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Jones Lang LaSalle (NYSE:JLL - Free Report) from a hold rating to a buy rating in a research note released on Sunday morning.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. UBS Group upped their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Citigroup cut their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $310.00.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded up $1.62 during midday trading on Friday, hitting $253.50. 211,054 shares of the stock traded hands, compared to its average volume of 354,137. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. Jones Lang LaSalle has a one year low of $194.36 and a one year high of $288.50. The firm has a market capitalization of $12.03 billion, a P/E ratio of 22.92 and a beta of 1.34. The firm has a 50-day moving average of $240.00 and a two-hundred day moving average of $246.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the firm earned $1.78 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the sale, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Trading of Jones Lang LaSalle

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in Jones Lang LaSalle during the first quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock worth $34,000 after purchasing an additional 100 shares during the period. SVB Wealth LLC purchased a new position in Jones Lang LaSalle during the first quarter worth about $38,000. Western Pacific Wealth Management LP purchased a new position in Jones Lang LaSalle during the first quarter worth about $41,000. Finally, CIBC Private Wealth Group LLC raised its stake in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

About Jones Lang LaSalle

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.