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

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

Several other equities research analysts have also recently weighed in on the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $249.68 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.83 billion, a P/E ratio of 22.12 and a beta of 1.36. The stock’s 50-day simple moving average is $265.99 and its two-hundred day simple moving average is $264.51. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data 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. The firm 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%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.23 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Advisors Network LLC lifted its stake in shares of Jones Lang LaSalle by 8.1% in the 4th quarter. Integrated Advisors Network LLC now owns 2,347 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 176 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Jones Lang LaSalle by 4.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,545 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 68 shares during the period. Forum Financial Management LP lifted its stake in shares of Jones Lang LaSalle by 28.1% in the 4th quarter. Forum Financial Management LP now owns 1,556 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 341 shares during the period. University of Texas Texas AM Investment Management Co. lifted its stake in shares of Jones Lang LaSalle by 9.6% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 16,967 shares of the financial services provider’s stock valued at $4,295,000 after purchasing an additional 1,482 shares during the period. Finally, CSS LLC IL lifted its stake in shares of Jones Lang LaSalle by 6.9% in the 4th quarter. CSS LLC IL now owns 2,780 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 180 shares during the period. Hedge funds and other 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.