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

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 note issued on Tuesday.

Several other equities research analysts have also recently commented on JLL. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. JPMorgan Chase & Co. lifted 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. Raymond James increased their price objective 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. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Up 2.0 %

Jones Lang LaSalle stock opened at $270.89 on Tuesday. The company’s 50-day moving average price is $265.16 and its two-hundred day moving average price is $263.74. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 23.99 and a beta of 1.36. Jones Lang LaSalle has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last announced its 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. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.23 earnings per share. On average, analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Large investors have recently added to or reduced their stakes in the company. Creative Planning raised its position in Jones Lang LaSalle by 7.2% during the third quarter. Creative Planning now owns 4,964 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 333 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Jones Lang LaSalle by 12.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,301 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 143 shares during the period. PFG Investments LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $304,000. State of Alaska Department of Revenue grew its position in Jones Lang LaSalle by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,531 shares of the financial services provider’s stock valued at $1,492,000 after purchasing an additional 370 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its stake in Jones Lang LaSalle by 33.2% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,873 shares of the financial services provider’s stock valued at $2,931,000 after buying an additional 2,711 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

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.