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

Jones Lang LaSalle (NYSE:JLL) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

A number of other equities analysts have also recently issued reports on the stock. UBS Group increased their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Raymond James increased their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $200.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average target price of $233.67.

Jones Lang LaSalle Trading Down 1.9 %

Jones Lang LaSalle stock traded down $4.49 during trading hours on Wednesday, reaching $229.50. 360,676 shares of the company’s stock were exchanged, compared to its average volume of 286,929. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The firm’s 50 day simple moving average is $216.76 and its 200 day simple moving average is $197.08. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $254.67. The firm has a market capitalization of $10.92 billion, a PE ratio of 36.90 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. Research analysts predict that Jones Lang LaSalle will post 12.4 earnings per share for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently added to or reduced their stakes in JLL. Norges Bank purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at about $97,222,000. Swedbank AB purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $97,018,000. EdgePoint Investment Group Inc. increased its stake in shares of Jones Lang LaSalle by 27.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after purchasing an additional 443,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Jones Lang LaSalle by 84.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in shares of Jones Lang LaSalle by 3,097.2% during the 4th quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock worth $36,497,000 after purchasing an additional 187,196 shares during the last quarter. Hedge funds and other 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.