Jones Lang LaSalle (NYSE:JLL) Stock Rating Lowered by StockNews.com

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

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price target for the company. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note 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 price objective on the stock in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. 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 company presently has an average rating of "Buy" and an average price target of $309.00.

Remove Ads

Jones Lang LaSalle Trading Up 1.4 %

JLL stock traded up $3.63 on Tuesday, hitting $271.40. 417,351 shares of the company were exchanged, compared to its average volume of 348,201. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The business's fifty day moving average is $265.94 and its two-hundred day moving average is $264.01. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 24.04 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the business posted $4.23 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock valued at $9,276,000 after buying an additional 10,186 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after buying an additional 5,663 shares during the period. Dorsey Wright & Associates acquired a new position in shares of Jones Lang LaSalle in the third quarter worth about $4,276,000. Principal Securities Inc. boosted its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after buying an additional 110 shares during the period. Finally, Diversified Trust Co acquired a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $567,000. Institutional investors and hedge funds 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.