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

Jones Lang LaSalle (NYSE:JLL) had its price objective raised by research analysts at UBS Group from $360.00 to $410.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price suggests a potential upside of 14.64% from the company’s current price.

JLL has been the subject of a number of other research reports. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. Barclays initiated coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target on the stock. Finally, The Goldman Sachs Group increased their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $364.17.

Jones Lang LaSalle Price Performance

NYSE:JLL traded up $1.60 during trading hours on Wednesday, hitting $357.63. 26,929 shares of the company’s stock traded hands, compared to its average volume of 366,442. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $360.46. The business’s fifty day simple moving average is $337.71 and its two-hundred day simple moving average is $309.16. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $16.88 billion, a P/E ratio of 27.39 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.50 EPS. On average, research analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $6,609,091. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of large investors have recently bought and sold shares of JLL. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle during the third quarter worth $25,000. Chilton Capital Management LLC acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $26,000. Caldwell Trust Co bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $38,000. Quent Capital LLC acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $41,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.