StockNews.com Downgrades Jones Lang LaSalle (NYSE:JLL) to Buy

StockNews.com cut shares of Jones Lang LaSalle (NYSE:JLL - Free Report) from a strong-buy rating to a buy rating in a research report released on Friday.

Other analysts also recently issued reports about the company. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Raymond James raised their price target on 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. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $309.00.

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Jones Lang LaSalle Price Performance

JLL stock traded down $5.71 on Friday, reaching $247.77. 185,584 shares of the company's stock were exchanged, compared to its average volume of 296,695. The stock has a fifty day moving average of $265.94 and a 200-day moving average of $264.61. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month high of $288.50. The firm has a market cap of $11.74 billion, a PE ratio of 21.95 and a beta of 1.36. 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 - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.23 earnings per share. As a group, equities analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the company. Private Trust Co. NA boosted 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 acquired a new position in Jones Lang LaSalle during the 3rd quarter worth $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle during the 4th quarter worth $35,000. Principal Securities Inc. boosted its position in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in 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 worth $49,000 after acquiring an additional 51 shares during the period. 94.80% of the stock is currently owned by institutional investors.

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.