Jones Lang LaSalle (NYSE:JLL) Price Target Lowered to $280.00 at Keefe, Bruyette & Woods

Jones Lang LaSalle (NYSE:JLL) had its price objective dropped by Keefe, Bruyette & Woods from $325.00 to $280.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 32.88% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of 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. Raymond James raised their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Finally, UBS Group decreased their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $315.83.

Jones Lang LaSalle Stock Up 0.0 %

Jones Lang LaSalle stock opened at $210.71 on Thursday. The company has a fifty day simple moving average of $247.53 and a 200 day simple moving average of $259.82. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle has a 1-year low of $174.08 and a 1-year high of $288.50. The company has a market cap of $9.99 billion, a P/E ratio of 18.66 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period last year, the business earned $4.23 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Research analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Several large investors have recently modified their holdings of JLL. Western Pacific Wealth Management LP bought a new position in Jones Lang LaSalle in the first quarter worth approximately $41,000. Adero Partners LLC acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at $202,000. Sowell Financial Services LLC bought a new stake in Jones Lang LaSalle during the 1st quarter valued at $419,000. Janney Montgomery Scott LLC lifted its stake in shares of Jones Lang LaSalle by 34.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider’s stock valued at $2,176,000 after buying an additional 2,252 shares in the last quarter. Finally, Fairvoy Private Wealth LLC grew its holdings in shares of Jones Lang LaSalle by 18.4% during the first quarter. Fairvoy Private Wealth LLC now owns 3,353 shares of the financial services provider’s stock valued at $831,000 after buying an additional 521 shares during the last quarter. Institutional investors and hedge funds 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.