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

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

Other equities research analysts have also recently issued reports about the stock. Raymond James raised their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. 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 report on Monday, December 16th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Finally, Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. 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, the stock presently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Trading Up 4.1 %

NYSE:JLL opened at $249.68 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 22.12 and a beta of 1.36. The firm has a fifty day simple moving average of $266.07 and a two-hundred day simple moving average of $264.46. Jones Lang LaSalle has a 12 month low of $171.45 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $4.23 earnings per share. Analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Brooklyn Investment Group bought a new stake in Jones Lang LaSalle in the third quarter worth about $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle in the fourth quarter worth about $35,000. Principal Securities Inc. raised its position in 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 acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Jones Lang LaSalle by 35.7% in the fourth 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 hedge funds and other institutional investors.

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.