Jones Lang LaSalle (NYSE:JLL) Receives Hold (C+) Rating from Weiss Ratings

Jones Lang LaSalle (NYSE:JLL)‘s stock had its “hold (c+)” rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on the stock. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. UBS Group increased their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.57.

Jones Lang LaSalle Trading Down 1.2%

NYSE:JLL opened at $282.94 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $13.41 billion, a PE ratio of 24.33 and a beta of 1.39. The stock’s 50-day moving average is $297.95 and its two-hundred day moving average is $258.09. Jones Lang LaSalle has a fifty-two week low of $194.36 and a fifty-two week high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the company posted $2.55 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jones Lang LaSalle

Hedge funds have recently added to or reduced their stakes in the company. Norden Group LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth $287,000. PNC Financial Services Group Inc. lifted its stake in Jones Lang LaSalle by 11.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider’s stock valued at $646,000 after buying an additional 262 shares during the period. Bridges Investment Management Inc. lifted its stake in Jones Lang LaSalle by 120.0% in the first quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider’s stock valued at $1,102,000 after buying an additional 2,426 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $8,164,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Jones Lang LaSalle by 34.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider’s stock valued at $2,176,000 after acquiring an additional 2,252 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

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.