Jones Lang LaSalle (NYSE:JLL) Downgraded by StockNews.com to “Buy”

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

A number of other research analysts have also weighed in on JLL. Wolfe Research raised 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. lifted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group started coverage on 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. Finally, Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Up 0.4 %

JLL stock opened at $264.99 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. The firm has a market capitalization of $12.56 billion, a PE ratio of 23.47 and a beta of 1.36. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month high of $288.50. The stock has a 50-day simple moving average of $264.85 and a two-hundred day simple moving average of $263.69.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during 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 quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.23 EPS. On average, equities analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Brooklyn Investment Group bought a new stake in Jones Lang LaSalle in the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle in the 4th quarter worth approximately $35,000. Principal Securities Inc. lifted its position in Jones Lang LaSalle by 166.7% in the 4th 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 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.