Jones Lang LaSalle (NYSE:JLL) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Tuesday, October 3rd. Royal Bank of Canada cut Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $133.57.

Jones Lang LaSalle (NYSE JLL) opened at $148.93 on Friday. Jones Lang LaSalle has a fifty-two week low of $97.60 and a fifty-two week high of $155.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $6,830.00, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.61 and a beta of 1.91.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.41. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. equities analysts forecast that Jones Lang LaSalle will post 8.41 earnings per share for the current year.

In other Jones Lang LaSalle news, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the sale, the director now owns 35 shares in the company, valued at approximately $5,226.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeff A. Jacobson sold 6,713 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the sale, the chief executive officer now owns 4,489 shares in the company, valued at approximately $661,768.38. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. Schwab Charles Investment Management Inc. boosted its position in shares of Jones Lang LaSalle by 6.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock valued at $20,280,000 after purchasing an additional 9,944 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Jones Lang LaSalle by 32.5% during the 3rd quarter. Pacer Advisors Inc. now owns 7,932 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 1,945 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Jones Lang LaSalle by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 190,343 shares of the financial services provider’s stock valued at $23,793,000 after purchasing an additional 5,902 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Jones Lang LaSalle by 51.5% during the 3rd quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock valued at $42,575,000 after purchasing an additional 117,160 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Jones Lang LaSalle by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock valued at $75,070,000 after purchasing an additional 12,871 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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