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

Key Points

• Jones Lang LaSalle has been upgraded to a "buy" rating by Wall Street Zen, indicating positive sentiment from analysts.
• The stock price target has increased from $305.00 to $340.00 as per UBS Group’s assessment, reflecting growing confidence in the company's performance.
• Jones Lang LaSalle reported a quarterly revenue increase of 11.0% year-over-year, demonstrating strong business growth and improved financial results.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other equities analysts have also weighed in on the stock. UBS Group lifted their target price 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. Citigroup cut their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. JMP Securities started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Finally, Citizens Jmp started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of "Moderate Buy" and an average target price of $312.43.

Jones Lang LaSalle Trading Up 2.9%

JLL stock traded up $7.98 during midday trading on Friday, hitting $283.77. The stock had a trading volume of 457,783 shares, compared to its average volume of 401,931. The firm has a market cap of $13.44 billion, a PE ratio of 24.40 and a beta of 1.38. The company's 50-day moving average price is $253.59 and its 200 day moving average price is $247.71. Jones Lang LaSalle has a 12-month low of $194.36 and a 12-month high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. Jones Lang LaSalle's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $2.55 EPS. On average, equities research analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction dated 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 approximately $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its stake in Jones Lang LaSalle by 4.7% during the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock valued at $214,000 after purchasing an additional 38 shares during the last quarter. Ellevest Inc. lifted its position in shares of Jones Lang LaSalle by 3.7% in the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 47 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Jones Lang LaSalle by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after acquiring an additional 50 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Jones Lang LaSalle by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider's stock valued at $232,000 after acquiring an additional 51 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of Jones Lang LaSalle by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock valued at $1,086,000 after acquiring an additional 55 shares in the last quarter. Institutional investors 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.