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

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

JLL has been the topic of several other reports. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Finally, Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Up 0.4 %

NYSE JLL traded up $1.07 during trading hours on Tuesday, hitting $264.99. 381,372 shares of the company traded hands, compared to its average volume of 347,263. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 23.47 and a beta of 1.36. Jones Lang LaSalle has a twelve month low of $171.45 and a twelve month high of $288.50. The business’s 50-day moving average is $264.85 and its 200-day moving average is $263.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period last year, the business earned $4.23 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Brooklyn Investment Group acquired a new stake in Jones Lang LaSalle in the 3rd quarter worth about $34,000. R Squared Ltd bought a new stake in Jones Lang LaSalle in the 4th quarter valued at about $35,000. Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

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.