Jones Lang LaSalle (NYSE:JLL) Cut to Buy at StockNews.com

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

A number of other brokerages have also issued reports on JLL. Raymond James increased their price target on 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. JPMorgan Chase & Co. cut 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 cut their price target on 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, UBS Group cut their price target on 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. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded down $0.76 during midday trading on Tuesday, hitting $235.28. 358,950 shares of the stock traded hands, compared to its average volume of 322,393. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market capitalization of $11.17 billion, a P/E ratio of 20.84 and a beta of 1.33. Jones Lang LaSalle has a one year low of $192.94 and a one year high of $288.50. The firm has a 50-day moving average of $232.33 and a two-hundred day moving average of $255.20.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.02 by $0.29. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. On average, equities analysts forecast that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake 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 valued at $27,000 after acquiring an additional 56 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $33,000. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $35,000. SVB Wealth LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $38,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $41,000. 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.