Jones Lang LaSalle (NYSE:JLL) Rating Lowered to Hold at Wall Street Zen

Key Points

• Jones Lang LaSalle's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, reflecting a shift in analyst sentiment.
• JPMorgan Chase & Co. has reduced its price target for the stock from $327 to $285, while Keefe, Bruyette & Woods raised theirs from $280 to $297.
• The company reported a revenue increase of 12.1% year-over-year, with earnings per share of $2.31, surpassing analyst expectations.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Monday.

A number of other brokerages have also weighed in on JLL. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating for the company. JPMorgan Chase & Co. decreased their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday. JMP Securities started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Finally, Citigroup dropped their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $312.43.

Jones Lang LaSalle Trading Up 1.4%

NYSE JLL opened at $265.09 on Monday. The stock's fifty day moving average price is $242.28 and its 200-day moving average price is $246.65. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock has a market cap of $12.58 billion, a P/E ratio of 23.97 and a beta of 1.34. Jones Lang LaSalle has a 12 month low of $194.36 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. Jones Lang LaSalle's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.78 EPS. As a group, equities analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the transaction, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Jones Lang LaSalle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC purchased a new position in Jones Lang LaSalle during the first quarter valued at $33,000. SVB Wealth LLC bought a new stake in Jones Lang LaSalle during the first quarter valued at about $38,000. Western Pacific Wealth Management LP purchased a new stake in Jones Lang LaSalle in the first quarter worth about $41,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after buying an additional 50 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

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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