Jones Lang LaSalle (NYSE:JLL) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of Jones Lang LaSalle (NYSE:JLL) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

Several other analysts also recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. UBS Group decreased their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Finally, Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $315.83.

Jones Lang LaSalle Trading Down 0.3%

Shares of Jones Lang LaSalle stock opened at $235.28 on Tuesday. 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 has a twelve month low of $192.94 and a twelve month high of $288.50. The business has a 50-day moving average price of $232.21 and a 200-day moving average price of $254.94. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 20.84 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. Equities research analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Several institutional investors and hedge funds have recently modified their holdings of the stock. EdgePoint Investment Group Inc. raised its stake in shares of Jones Lang LaSalle by 5.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider’s stock valued at $415,030,000 after acquiring an additional 88,479 shares in the last quarter. Invesco Ltd. increased its holdings in Jones Lang LaSalle by 1.8% during the first quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock valued at $238,479,000 after buying an additional 17,336 shares during the period. Geode Capital Management LLC increased its holdings in Jones Lang LaSalle by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock valued at $240,190,000 after buying an additional 41,331 shares during the period. Norges Bank purchased a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $149,468,000. Finally, Northern Trust Corp increased its holdings in Jones Lang LaSalle by 21.6% during the first quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock valued at $135,911,000 after buying an additional 97,492 shares during the period. 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.