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

Jones Lang LaSalle (NYSE:JLL) had its price target cut by Keefe, Bruyette & Woods from $325.00 to $280.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. UBS Group reduced their target price on shares of 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. JPMorgan Chase & Co. reduced their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $315.83.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $210.71 on Thursday. Jones Lang LaSalle has a 12 month low of $175.12 and a 12 month high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $9.99 billion, a PE ratio of 18.66 and a beta of 1.22. The stock’s fifty day simple moving average is $247.53 and its 200 day simple moving average is $259.76.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same period in the previous year, the firm earned $4.23 EPS. Jones Lang LaSalle’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, research analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently made changes to their positions in JLL. Private Trust Co. NA increased its stake in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. R Squared Ltd bought a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Western Pacific Wealth Management LP bought a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $41,000. Principal Securities Inc. increased its holdings in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 51 shares during the period. 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.