DA Davidson began coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research report report published on Thursday, Briefing.com Automated Import reports. The brokerage issued a buy rating on the financial services provider’s stock.
Other research analysts have also issued reports about the company. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a buy rating in a research report on Tuesday, April 16th. Zacks Investment Research downgraded Hess Midstream Partners from a hold rating to a sell rating in a research note on Tuesday, May 14th. Keefe, Bruyette & Woods downgraded Jones Lang LaSalle from an outperform rating to a market perform rating in a research note on Wednesday, April 17th. Goldman Sachs Group set a €63.00 ($73.26) price target on Lanxess and gave the company a buy rating in a research note on Friday, May 10th. Finally, Compass Point assumed coverage on Jones Lang LaSalle in a research note on Wednesday. They set a buy rating and a $180.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $178.14.
Shares of NYSE:JLL opened at $138.59 on Thursday. The company’s 50-day simple moving average is $134.86. Jones Lang LaSalle has a 1 year low of $119.79 and a 1 year high of $174.42. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 1.32 and a beta of 1.74. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.45.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.20. Jones Lang LaSalle had a return on equity of 15.36% and a net margin of 2.81%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle will post 11.61 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 17th were paid a dividend of $0.43 per share. This represents a yield of 0.61%. The ex-dividend date of this dividend was Thursday, May 16th. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.41. Jones Lang LaSalle’s payout ratio is presently 7.02%.
Institutional investors and hedge funds have recently modified their holdings of the company. Ropes Wealth Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth about $35,000. Parallel Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 62.2% in the first quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock worth $36,000 after buying an additional 89 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth about $39,000. Synovus Financial Corp boosted its stake in shares of Jones Lang LaSalle by 340.3% in the first quarter. Synovus Financial Corp now owns 273 shares of the financial services provider’s stock worth $43,000 after buying an additional 211 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Jones Lang LaSalle by 141.9% in the first quarter. Huntington National Bank now owns 849 shares of the financial services provider’s stock worth $131,000 after buying an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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