Jones Lang LaSalle Incorporated (JLL) Lifted to Buy at ValuEngine

Jones Lang LaSalle Incorporated (NYSE:JLL) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

JLL has been the subject of a number of other reports. Barclays PLC increased their price objective on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $132.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $133.57.

Jones Lang LaSalle (NYSE JLL) traded up 0.29% during trading on Wednesday, reaching $131.24. The company’s stock had a trading volume of 246,839 shares. The company’s 50 day moving average price is $123.12 and its 200 day moving average price is $119.39. Jones Lang LaSalle has a 52 week low of $86.62 and a 52 week high of $134.76. The company has a market cap of $5.95 billion, a P/E ratio of 19.82 and a beta of 1.80.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the business posted $1.93 EPS. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that Jones Lang LaSalle will post $8.22 earnings per share for the current fiscal year.

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In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the transaction, the director now directly owns 46,417 shares of the company’s stock, valued at approximately $5,712,540.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in JLL. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $263,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $105,000. IFP Advisors Inc increased its holdings in shares of Jones Lang LaSalle by 0.7% during the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 6 shares during the period. Schroder Investment Management Group increased its holdings in shares of Jones Lang LaSalle by 406.9% during the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $147,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Company Profile

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.

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