Jones Lang LaSalle (NYSE:JLL) Downgraded by Zacks Research to Hold

Jones Lang LaSalle (NYSE:JLL) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on JLL. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Barclays upped their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, UBS Group raised their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $325.19 on Thursday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. The firm has a market cap of $15.09 billion, a P/E ratio of 17.48 and a beta of 1.27. Jones Lang LaSalle has a 1-year low of $258.19 and a 1-year high of $363.06. The firm has a 50-day moving average of $306.87 and a 200-day moving average of $317.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.Jones Lang LaSalle’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 EPS. Sell-side analysts expect that Jones Lang LaSalle will post 22.85 EPS for the current year.

Insider Buying and Selling

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the sale, the director directly owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter worth $29,000. Activest Wealth Management raised its holdings in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Jones Lang LaSalle during the fourth quarter valued at $35,000. Finally, Bayforest Capital Ltd purchased a new position in Jones Lang LaSalle during the fourth quarter valued at $55,000. Institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.