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

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

A number of other equities analysts have also recently issued reports on JLL. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an overweight rating in a report on Friday, June 21st. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a market perform rating in a research note on Thursday, August 8th. UBS Group upped their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a buy rating in a report on Wednesday, July 3rd. Finally, Raymond James lifted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a strong-buy rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of Moderate Buy and a consensus target price of $235.33.

Jones Lang LaSalle Stock Down 0.6 %

NYSE JLL opened at $249.39 on Wednesday. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $261.83. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 40.09 and a beta of 1.38. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $234.61 and a two-hundred day moving average of $206.95.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. On average, analysts predict that Jones Lang LaSalle will post 12.54 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $203,000. Truist Financial Corp lifted its holdings in Jones Lang LaSalle by 58.9% during the second quarter. Truist Financial Corp now owns 4,482 shares of the financial services provider’s stock worth $920,000 after buying an additional 1,661 shares during the period. Creative Planning boosted its position in Jones Lang LaSalle by 27.2% during the 2nd quarter. Creative Planning now owns 4,631 shares of the financial services provider’s stock valued at $951,000 after acquiring an additional 990 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Jones Lang LaSalle in the 2nd quarter worth $64,000. Finally, Select Equity Group L.P. purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $55,152,000. 94.80% of the stock is currently owned by 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.