Wall Street Zen Upgrades Jones Lang LaSalle (NYSE:JLL) to "Buy"

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

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

Jones Lang LaSalle Trading Up 0.4%

Shares of NYSE:JLL traded up $1.11 during trading on Friday, hitting $261.15. The company had a trading volume of 237,506 shares, compared to its average volume of 355,130. Jones Lang LaSalle has a one year low of $194.36 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 23.61 and a beta of 1.34. The company has a fifty day simple moving average of $240.68 and a two-hundred day simple moving average of $246.42.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. 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 business posted $1.78 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the sale, the chief executive officer directly owned 10,297 shares of the company's stock, valued at $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company's stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Jones Lang LaSalle in the 4th quarter worth about $149,468,000. Swedbank AB lifted its position in shares of Jones Lang LaSalle by 115.0% in the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider's stock valued at $239,960,000 after acquiring an additional 501,716 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of Jones Lang LaSalle by 50.7% in the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock valued at $263,298,000 after acquiring an additional 357,469 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Jones Lang LaSalle by 194.0% in the 1st quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider's stock worth $98,008,000 after buying an additional 260,847 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter worth approximately $53,533,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Company Profile

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.