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

Jones Lang LaSalle (NYSE:JLL) had its price target lowered by Keefe, Bruyette & Woods from $325.00 to $280.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the company. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. UBS Group reduced their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, Raymond James upped their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $315.83.

Jones Lang LaSalle Trading Up 0.0 %

Shares of JLL stock opened at $210.71 on Thursday. The company has a market capitalization of $9.99 billion, a PE ratio of 18.66 and a beta of 1.22. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle has a 12-month low of $173.44 and a 12-month high of $288.50. The firm has a 50 day moving average price of $248.86 and a two-hundred day moving average price of $260.20.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter last year, the firm earned $4.23 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. As a group, analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA increased its position in 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 in the last quarter. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth $35,000. Western Pacific Wealth Management LP bought a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $41,000. Principal Securities Inc. boosted 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 valued at $45,000 after acquiring an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares during the last quarter. Institutional investors 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.