UBS Group Issues Positive Forecast for Jones Lang LaSalle (NYSE:JLL) Stock Price

Key Points

• UBS Group raised its price target for Jones Lang LaSalle (NYSE:JLL) from $340.00 to $360.00, suggesting a potential upside of 25.88% from the stock's previous close.
• Despite the positive outlook from UBS, JLL shares experienced a slight decline of 0.7%, trading at $285.98 during midday trading on Friday.
• Jones Lang LaSalle reported a quarterly earnings per share (EPS) of $3.30, exceeding analyst expectations and marking an 11% increase in revenue compared to the same quarter last year.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) had its price target raised by research analysts at UBS Group from $340.00 to $360.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. UBS Group's price target indicates a potential upside of 25.88% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jones Lang LaSalle in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. JMP Securities assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Finally, Citizens Jmp assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $338.29.

Jones Lang LaSalle Stock Down 0.7%

Shares of JLL stock traded down $1.93 during midday trading on Friday, reaching $285.98. 33,462 shares of the stock were exchanged, compared to its average volume of 399,524. Jones Lang LaSalle has a 1 year low of $194.36 and a 1 year high of $322.36. The company's 50 day moving average is $298.29 and its two-hundred day moving average is $258.28. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $13.55 billion, a PE ratio of 24.90 and a beta of 1.39.

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

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently bought and sold shares of the business. Chilton Capital Management LLC purchased a new stake in Jones Lang LaSalle in the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of 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 valued at $34,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at about $33,000. Caldwell Trust Co purchased a new position in shares of Jones Lang LaSalle during the second quarter valued at about $38,000. Finally, SVB Wealth LLC bought a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $38,000. Hedge funds and other 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.

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