Jones Lang LaSalle (NYSE:JLL) Hits New 1-Year Low - Should You Sell?

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $221.56 and last traded at $227.25, with a volume of 476949 shares trading hands. The stock had previously closed at $228.36.

Analyst Ratings Changes

Several research firms recently issued reports on JLL. JPMorgan Chase & Co. decreased their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. UBS Group lowered their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Raymond James upped their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Trading Down 0.7 %

The firm has a market capitalization of $10.98 billion, a PE ratio of 20.46 and a beta of 1.33. The company's 50-day moving average price is $236.60 and its 200-day moving average price is $256.68. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.23 EPS. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Private Trust Co. NA grew its holdings in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $33,000. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $41,000. Finally, Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds 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.