Jones Lang LaSalle Now Covered by Morgan Stanley (JLL)
Research analysts at Morgan Stanley assumed coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a report released on Thursday, American Banking & Market News reports. The firm set an “underweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Jones Lang LaSalle from $24.00 to $25.50 in a research note to investors on Thursday. They now have a “sell” rating on the stock. Separately, analysts at Zacks downgraded shares of Jones Lang LaSalle from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 5th. They now have a $76.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Jones Lang LaSalle in a research note to investors on Wednesday, July 31st. They now have a $100.00 price target on the stock. Three research analysts have rated the stock with a sell rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $81.13.
Shares of Jones Lang LaSalle (NYSE:JLL) traded up 1.05% on Thursday, hitting $84.86. 377,162 shares of the company’s stock traded hands. Jones Lang LaSalle has a one year low of $72.56 and a one year high of $101.46. The stock’s 50-day moving average is $85.7 and its 200-day moving average is $91.49. The company has a market cap of $3.771 billion and a price-to-earnings ratio of 17.49.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.42 by $0.27. The company had revenue of $989.00 million for the quarter, compared to the consensus estimate of $982.65 million. During the same quarter last year, the company posted $1.13 earnings per share. Jones Lang LaSalle’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Jones Lang LaSalle will post $5.97 earnings per share for the current fiscal year.
Jones Lang LaSalle Incorporated (NYSE:JLL), is a financial and professional services firm specializing in real estate.
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