ValuEngine upgraded shares of Jones Lang LaSalle Incorporated (NYSE:JLL) from a hold rating to a buy rating in a report published on Wednesday.

Other research analysts have also issued reports about the stock. TheStreet raised shares of Jones Lang LaSalle from a c+ rating to a b- rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Jones Lang LaSalle from a hold rating to a buy rating and set a $142.00 price objective for the company in a research note on Tuesday, October 3rd. BidaskClub raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a research note on Saturday, July 1st. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $132.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. Finally, UBS AG started coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 26th. They set a neutral rating and a $134.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $133.57.

Shares of Jones Lang LaSalle (NYSE:JLL) opened at 131.53 on Wednesday. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 19.86 and a beta of 1.80. Jones Lang LaSalle has a 12-month low of $86.62 and a 12-month high of $134.76. The company’s 50-day moving average is $123.89 and its 200-day moving average is $119.76.

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 consensus estimate of $1.45 by $0.37. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. Jones Lang LaSalle’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 earnings per share. Analysts predict that Jones Lang LaSalle will post $8.22 EPS for the current year.

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

Several large investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $3,375,000. Ameritas Investment Partners Inc. lifted its position in shares of Jones Lang LaSalle by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 19,152 shares of the financial services provider’s stock worth $2,394,000 after purchasing an additional 214 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $3,750,000. Atlanta Capital Management Co. L L C lifted its position in shares of Jones Lang LaSalle by 18.6% during the second 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 purchasing an additional 229,831 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Jones Lang LaSalle by 3.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

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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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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