Jones Lang LaSalle Incorporated (NYSE:JLL – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 974,600 shares, a drop of 7.2% from the July 15th total of 1,050,000 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 302,000 shares, the short-interest ratio is currently 3.2 days.
Analyst Ratings Changes
Several analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. UBS Group boosted 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. Raymond James increased 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. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.33.
View Our Latest Analysis on JLL
Institutional Investors Weigh In On Jones Lang LaSalle
Jones Lang LaSalle Price Performance
JLL stock opened at $243.37 on Wednesday. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $254.67. The firm has a market capitalization of $11.57 billion, a PE ratio of 39.13 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. The business has a 50 day simple moving average of $224.58 and a 200-day simple moving average of $201.41.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts anticipate that Jones Lang LaSalle will post 12.4 earnings per share for the current fiscal year.
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.
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