Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 696,200 shares, a growth of 14.1% from the December 15th total of 610,300 shares. Based on an average daily trading volume, of 299,300 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.5% of the company's stock are short sold.

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a report on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Buy" and a consensus target price of $301.57.

Get Our Latest Stock Analysis on JLL

JLL opened at $261.62 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a twelve month low of $168.13 and a twelve month high of $288.50. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 26.45 and a beta of 1.36. The firm has a 50 day moving average price of $262.20 and a 200-day moving average price of $254.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the business posted $2.01 EPS. Equities research analysts forecast that Jones Lang LaSalle will post 13.6 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank raised its position in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after buying an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock worth $371,000 after purchasing an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Finally, First Bank & Trust grew its position in shares of Jones Lang LaSalle by 2.5% during the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock valued at $607,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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