Jones Lang LaSalle (JLL) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a hold rating to a buy rating in a research note issued to investors on Monday. They currently have $170.00 price target on the financial services provider’s stock.

According to Zacks, “Shares of JLL have outperformed the industry it belongs to in the past three months. Further, the stock has seen the Zacks Consensus Estimates for 2018 earnings being revised upward in a month’s time. Notably, the company’s diversified product & services range is expected to enable the company to register balanced revenue growth across its operating markets. In fact, vast knowledge of real estate markets and a spate of strategic investment activities in a bid to capitalize on market consolidations are anticipated to drive long-term profitability. Its superior operating platform and market share expansion will aid JLL to achieve strong growth, as well as a decent cash level. However, unfavorable currency movements and a stiff competition from international, regional and local players are concerns.”

JLL has been the topic of several other research reports. ValuEngine raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a research note on Sunday, December 31st. Barclays lifted their target price on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an overweight rating in a research note on Tuesday, January 30th. Royal Bank of Canada cut shares of Jones Lang LaSalle from an outperform rating to a sector perform rating in a research note on Thursday, October 12th. JMP Securities cut shares of Jones Lang LaSalle from an outperform rating to a market perform rating in a research note on Wednesday, January 24th. Finally, William Blair reaffirmed an outperform rating on shares of Jones Lang LaSalle in a research note on Friday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Jones Lang LaSalle has an average rating of Buy and a consensus price target of $146.00.

Shares of Jones Lang LaSalle (JLL) traded up $0.66 on Monday, reaching $146.72. 15,504 shares of the company’s stock traded hands, compared to its average volume of 215,868. Jones Lang LaSalle has a 52 week low of $101.83 and a 52 week high of $158.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $6,880.73, a PE ratio of 19.57, a PEG ratio of 1.48 and a beta of 1.85.

In other news, CEO Jeff A. Jacobson sold 6,713 shares of Jones Lang LaSalle stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the transaction, the chief executive officer now owns 4,489 shares in the company, valued at approximately $661,768.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Martin H. Nesbitt sold 6,701 shares of Jones Lang LaSalle stock in a transaction on 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 transaction, the director now owns 35 shares in the company, valued at approximately $5,226.20. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Atlanta Capital Management Co. L L C raised its holdings in shares of Jones Lang LaSalle by 18.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,467,979 shares of the financial services provider’s stock worth $183,497,000 after acquiring an additional 229,831 shares during the period. TCW Group Inc. raised its holdings in shares of Jones Lang LaSalle by 3.3% during the 3rd quarter. TCW Group Inc. now owns 895,104 shares of the financial services provider’s stock worth $110,545,000 after acquiring an additional 28,263 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Jones Lang LaSalle by 14,443.2% during the 2nd quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock worth $80,206,000 after acquiring an additional 637,233 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 9.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 628,395 shares of the financial services provider’s stock worth $77,608,000 after acquiring an additional 55,020 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings 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 worth $75,070,000 after acquiring an additional 12,871 shares during the period. Institutional investors and hedge funds own 90.58% of the company’s stock.

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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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