Jones Lang LaSalle (NYSE:JLL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Jones Lang LaSalle (NYSE:JLLGet Rating) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other equities research analysts have also recently weighed in on JLL. Raymond James upped their price objective on Jones Lang LaSalle from $280.00 to $287.00 and gave the stock an outperform rating in a research note on Thursday, August 4th. UBS Group decreased their price objective on Jones Lang LaSalle from $287.00 to $247.00 and set a buy rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of Moderate Buy and a consensus target price of $271.50.

Jones Lang LaSalle Trading Down 0.8 %

Shares of NYSE JLL opened at $155.92 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $7.47 billion, a P/E ratio of 8.00 and a beta of 1.28. Jones Lang LaSalle has a 1-year low of $154.63 and a 1-year high of $275.77. The business has a fifty day moving average price of $176.72 and a 200 day moving average price of $193.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust increased its holdings in shares of Jones Lang LaSalle by 2.5% in the first quarter. First Bank & Trust now owns 1,941 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 48 shares during the period. Convergence Investment Partners LLC increased its holdings in shares of Jones Lang LaSalle by 8.3% in the first quarter. Convergence Investment Partners LLC now owns 707 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 54 shares during the period. State of Michigan Retirement System increased its holdings in shares of Jones Lang LaSalle by 0.4% in the first quarter. State of Michigan Retirement System now owns 12,811 shares of the financial services provider’s stock valued at $3,068,000 after purchasing an additional 55 shares during the period. Covestor Ltd increased its holdings in shares of Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 57 shares during the period. Finally, Sumitomo Life Insurance Co. increased its holdings in shares of Jones Lang LaSalle by 1.4% in the second quarter. Sumitomo Life Insurance Co. now owns 4,191 shares of the financial services provider’s stock valued at $733,000 after purchasing an additional 59 shares during the period. 95.84% of the stock is owned by institutional investors and hedge funds.

About Jones Lang LaSalle

(Get Rating)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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