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

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

Several other equities research analysts have also recently issued reports on the stock. Raymond James raised their target price 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. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday. Finally, UBS Group lowered their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a report on Friday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $323.33.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $210.83 on Friday. Jones Lang LaSalle has a 12 month low of $171.45 and a 12 month high of $288.50. The business’s fifty day simple moving average is $254.37 and its two-hundred day simple moving average is $261.71. 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 company has a market cap of $9.99 billion, a price-to-earnings ratio of 18.67 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share 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 analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.23 EPS. Research analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Several hedge funds have recently bought and sold shares of the stock. EdgePoint Investment Group Inc. raised its position in shares of Jones Lang LaSalle by 5.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider’s stock valued at $415,030,000 after purchasing an additional 88,479 shares during the period. Invesco Ltd. raised its holdings in Jones Lang LaSalle by 0.9% during the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider’s stock valued at $239,122,000 after acquiring an additional 8,274 shares during the period. Geode Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock worth $240,190,000 after acquiring an additional 41,331 shares during the period. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $149,468,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Jones Lang LaSalle by 13.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider’s stock worth $137,373,000 after purchasing an additional 65,407 shares in the last quarter. 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.