Jones Lang LaSalle (NYSE:JLL)‘s stock had its “outperform” rating restated by analysts at William Blair in a research report issued on Tuesday. William Blair also issued estimates for Jones Lang LaSalle’s Q3 2019 earnings at $3.02 EPS, FY2019 earnings at $11.50 EPS, Q3 2020 earnings at $3.23 EPS and FY2020 earnings at $12.23 EPS.
JLL has been the subject of a number of other research reports. Bank of America cut Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 price objective for the company. in a research note on Thursday, January 3rd. Barclays boosted their price objective on Jones Lang LaSalle from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, November 16th. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research note on Tuesday, November 13th. ValuEngine upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Raymond James boosted their price objective on Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $172.83.
Shares of NYSE JLL opened at $163.62 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.89 and a quick ratio of 1.89. Jones Lang LaSalle has a twelve month low of $119.79 and a twelve month high of $178.75. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.19 and a beta of 1.66.
Institutional investors have recently added to or reduced their stakes in the company. JOYN Advisors Inc. raised its stake in shares of Jones Lang LaSalle by 1,328.6% during the fourth quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Jones Lang LaSalle by 46.4% during the fourth quarter. First Mercantile Trust Co. now owns 410 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 130 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $125,000. Pearl River Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth approximately $127,000. Finally, Csenge Advisory Group purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $149,000. Institutional investors and hedge funds own 93.82% of the company’s stock.
Jones Lang LaSalle Company Profile
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, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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