Jones Lang LaSalle (NYSE:JLL) Rating Reiterated by Wolfe Research

Wolfe Research restated their peer perform rating on shares of Jones Lang LaSalle (NYSE:JLL - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports.

A number of other equities research analysts have also recently weighed in on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a hold rating to a buy rating in a research note on Wednesday, February 28th. Raymond James raised shares of Jones Lang LaSalle from an outperform rating to a strong-buy rating and upped their price target for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Finally, TheStreet raised Jones Lang LaSalle from a c+ rating to a b- rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of Moderate Buy and a consensus price target of $183.40.

Jones Lang LaSalle Stock Down 1.8 %

Jones Lang LaSalle stock traded down $3.58 during midday trading on Tuesday, hitting $193.97. 307,811 shares of the stock were exchanged, compared to its average volume of 277,549. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $200.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market cap of $9.20 billion, a P/E ratio of 42.39 and a beta of 1.42. The company has a 50 day moving average price of $185.89 and a two-hundred day moving average price of $167.09.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.36 EPS. On average, sell-side analysts predict that Jones Lang LaSalle will post 11.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings in Jones Lang LaSalle by 2.5% in the 1st quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider's stock valued at $818,000 after buying an additional 84 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Jones Lang LaSalle by 110.9% during the 1st quarter. Acadian Asset Management LLC now owns 888 shares of the financial services provider's stock worth $212,000 after purchasing an additional 467 shares in the last quarter. Panagora Asset Management Inc. bought a new position in Jones Lang LaSalle during the 1st quarter valued at about $1,098,000. Great West Life Assurance Co. Can grew its stake in Jones Lang LaSalle by 9.3% during the first quarter. Great West Life Assurance Co. Can now owns 28,298 shares of the financial services provider's stock worth $6,973,000 after buying an additional 2,400 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Jones Lang LaSalle by 14.2% during the first quarter. Sei Investments Co. now owns 124,615 shares of the financial services provider's stock worth $29,823,000 after buying an additional 15,511 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.