Jones Lang LaSalle (NYSE:JLL) Lowered to “Buy” Rating by StockNews.com

Jones Lang LaSalle (NYSE:JLL) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts have also recently issued reports on JLL. Raymond James increased their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Wolfe Research upgraded 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 research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Price Performance

JLL traded up $1.07 during midday trading on Tuesday, reaching $264.99. 381,372 shares of the company’s stock were exchanged, compared to its average volume of 347,263. Jones Lang LaSalle has a one year low of $171.45 and a one year high of $288.50. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 23.47 and a beta of 1.36. The business has a 50-day simple moving average of $264.85 and a two-hundred day simple moving average of $263.69. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the previous year, the firm earned $4.23 EPS. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, research analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Brooklyn Investment Group bought a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. boosted its stake in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position 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 acquiring an additional 51 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

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.