Jones Lang LaSalle’s (JLL) “Neutral” Rating Reaffirmed at Citigroup

Citigroup restated their neutral rating on shares of Jones Lang LaSalle (NYSE:JLL) in a research report report published on Monday, Benzinga reports. The firm currently has a $178.00 price target on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Raymond James lowered their target price on shares of Jones Lang LaSalle from $239.00 to $222.00 and set an outperform rating on the stock in a research note on Monday, July 24th. StockNews.com started coverage on Jones Lang LaSalle in a report on Thursday, August 17th. They set a hold rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $202.17.

Jones Lang LaSalle Stock Performance

JLL stock opened at $155.85 on Monday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 24.50 and a beta of 1.31. The firm has a 50-day simple moving average of $167.67 and a two-hundred day simple moving average of $152.81. Jones Lang LaSalle has a one year low of $123.00 and a one year high of $188.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.65 and a current ratio of 2.65.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $2.20 by ($1.70). The company had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Jones Lang LaSalle had a net margin of 1.50% and a return on equity of 7.05%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.48 earnings per share. On average, equities analysts forecast that Jones Lang LaSalle will post 10.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Portside Wealth Group LLC purchased a new position in Jones Lang LaSalle in the second quarter worth $3,335,000. Comerica Bank acquired a new stake in Jones Lang LaSalle in the second quarter valued at $39,850,000. Teachers Retirement System of The State of Kentucky grew its holdings in Jones Lang LaSalle by 10.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,608 shares of the financial services provider’s stock valued at $1,341,000 after purchasing an additional 789 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Jones Lang LaSalle by 1.5% in the second quarter. Nuveen Asset Management LLC now owns 142,611 shares of the financial services provider’s stock valued at $22,219,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Jones Lang LaSalle by 3.5% in the second quarter. Alliancebernstein L.P. now owns 75,821 shares of the financial services provider’s stock valued at $11,813,000 after purchasing an additional 2,581 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.