Jones Lang LaSalle (JLL) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Jones Lang LaSalle (NYSE: JLL) in the last few weeks:

  • 2/12/2018 – Jones Lang LaSalle had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $158.00 price target on the stock, up previously from $136.00.
  • 2/6/2018 – Jones Lang LaSalle is now covered by analysts at Raymond James Financial, Inc.. They set an “outperform” rating and a $175.00 price target on the stock.
  • 2/5/2018 – Jones Lang LaSalle was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $170.00 price target on the stock. According to Zacks, “Shares of JLL have outperformed the industry it belongs to in the past three months. Further, the stock has seen the Zacks Consensus Estimates for 2018 earnings being revised upward in a month’s time. Notably, the company’s diversified product & services range is expected to enable the company to register balanced revenue growth across its operating markets. In fact, vast knowledge of real estate markets and a spate of strategic investment activities in a bid to capitalize on market consolidations are anticipated to drive long-term profitability. Its superior operating platform and market share expansion will aid JLL to achieve strong growth, as well as a decent cash level. However, unfavorable currency movements and a stiff competition from international, regional and local players are concerns.”
  • 2/2/2018 – Jones Lang LaSalle was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of JLL have outperformed the industry it belongs to in the past three months. However, the stock has seen the Zacks Consensus Estimates for fourth-quarter 2017 earnings being revised downward in a week’s time. Notably, the company’s diversified product & services range is expected to enable the company to register balanced revenue growth across its operating markets. In fact, vast knowledge of real estate markets and a spate of strategic investment activities in a bid to capitalize on market consolidations are anticipated to drive long-term profitability. Its superior operating platform and market share expansion will aid JLL to achieve strong growth, as well as a decent cash level. However, unfavorable currency movements and a stiff competition from international, regional and local players are concerns.”
  • 2/2/2018 – Jones Lang LaSalle had its “outperform” rating reaffirmed by analysts at William Blair.
  • 2/2/2018 – Jones Lang LaSalle was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/30/2018 – Jones Lang LaSalle had its price target raised by analysts at Barclays PLC from $150.00 to $170.00. They now have an “overweight” rating on the stock.
  • 1/24/2018 – Jones Lang LaSalle was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating.
  • 12/31/2017 – Jones Lang LaSalle was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Jones Lang LaSalle Inc (JLL) traded down $1.06 during midday trading on Monday, reaching $149.16. The company had a trading volume of 21,767 shares, compared to its average volume of 261,952. Jones Lang LaSalle Inc has a 52 week low of $101.83 and a 52 week high of $158.82. The company has a market cap of $6,816.06, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 1.42 and a beta of 1.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 1.60.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, topping the consensus estimate of $4.22 by $0.70. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.29 billion. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. Jones Lang LaSalle’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the company earned $3.95 EPS. equities research analysts anticipate that Jones Lang LaSalle Inc will post 9.62 EPS for the current year.

In related news, CEO Jeff A. Jacobson sold 6,713 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total transaction of $989,630.46. Following the completion of the transaction, the chief executive officer now directly owns 4,489 shares in the company, valued at approximately $661,768.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $149.32, for a total value of $1,000,593.32. Following the transaction, the director now owns 35 shares of the company’s stock, valued at $5,226.20. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

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