Jones Lang LaSalle (NYSE:JLL) Lowered to "Buy" Rating by StockNews.com

Jones Lang LaSalle (NYSE:JLL - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Tuesday.

JLL has been the subject of a number of other reports. Raymond James lifted their price target 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. UBS Group dropped their price target 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. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, 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. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $0.50 on Tuesday, reaching $236.04. The company's stock had a trading volume of 400,504 shares, compared to its average volume of 323,285. Jones Lang LaSalle has a 52-week low of $192.94 and a 52-week high of $288.50. The company has a market cap of $11.21 billion, a P/E ratio of 20.91 and a beta of 1.33. The company has a 50-day simple moving average of $232.01 and a 200 day simple moving average of $254.44. 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 issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period last year, the company posted $1.78 EPS. The business's revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurich Insurance Group Ltd FI bought a new stake in Jones Lang LaSalle during the 1st quarter valued at about $21,818,000. Empowered Funds LLC lifted its holdings in Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider's stock valued at $1,003,000 after buying an additional 2,711 shares in the last quarter. United Services Automobile Association bought a new stake in Jones Lang LaSalle during the 1st quarter valued at about $775,000. Caxton Associates LLP bought a new stake in Jones Lang LaSalle during the 1st quarter valued at about $2,314,000. Finally, Select Equity Group L.P. raised its holdings in shares of Jones Lang LaSalle by 50.7% in the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock valued at $263,298,000 after purchasing an additional 357,469 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

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.