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

StockNews.com downgraded 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 weighed in on the company. Wolfe Research restated a peer perform rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a buy rating and a $246.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a market perform rating in a report on Wednesday, May 8th. Finally, Raymond James upgraded Jones Lang LaSalle from an outperform rating to a strong-buy rating and upped their price target for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $216.67.

Jones Lang LaSalle Stock Down 0.5 %

Shares of Jones Lang LaSalle stock opened at $208.75 on Friday. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 33.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle has a 52-week low of $119.46 and a 52-week high of $213.33. The stock has a 50-day simple moving average of $194.20 and a 200-day simple moving average of $186.40.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Jones Lang LaSalle will post 12.22 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

A number of institutional investors and hedge funds have recently modified their holdings of the company. Swedbank AB bought a new stake in Jones Lang LaSalle in the first quarter valued at $97,018,000. EdgePoint Investment Group Inc. grew its position in Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after acquiring an additional 443,992 shares during the period. Tandem Capital Management Corp ADV grew its position in Jones Lang LaSalle by 3.8% in the first quarter. Tandem Capital Management Corp ADV now owns 13,692 shares of the financial services provider’s stock valued at $2,671,000 after acquiring an additional 505 shares during the period. Comerica Bank grew its position in Jones Lang LaSalle by 24.5% in the first quarter. Comerica Bank now owns 26,681 shares of the financial services provider’s stock valued at $5,205,000 after acquiring an additional 5,255 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in Jones Lang LaSalle by 1.2% in the first quarter. SkyView Investment Advisors LLC now owns 89,335 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 1,057 shares during the period. 94.80% of the stock is currently owned by institutional investors.

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.