Jones Lang LaSalle (NYSE:JLL) Receives New Coverage from Analysts at Compass Point
Compass Point assumed coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $180.00 price target on the financial services provider’s stock.
A number of other brokerages have also issued reports on JLL. Barclays set a €45.00 ($52.33) target price on Zalando and gave the stock a buy rating in a research report on Tuesday, April 16th. Goldman Sachs Group set a €63.00 ($73.26) target price on Lanxess and gave the stock a buy rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods lowered Jones Lang LaSalle from an outperform rating to a market perform rating in a research report on Wednesday, April 17th. ValuEngine lowered Valero Energy from a hold rating to a sell rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research lowered Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $178.14.
Shares of Jones Lang LaSalle stock opened at $138.59 on Wednesday. The stock’s fifty day moving average is $134.86. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.32 and a beta of 1.74. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.45. Jones Lang LaSalle has a 12-month low of $119.79 and a 12-month high of $174.42.
The firm also recently declared a semiannual dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 17th were issued a dividend of $0.43 per share. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.41. The ex-dividend date of this dividend was Thursday, May 16th. This represents a dividend yield of 0.61%. Jones Lang LaSalle’s payout ratio is currently 7.02%.
Hedge funds have recently modified their holdings of the company. JOYN Advisors Inc. grew its holdings 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 valued at $25,000 after buying an additional 186 shares in the last quarter. Ropes Wealth Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at $35,000. Parallel Advisors LLC grew its holdings in shares of Jones Lang LaSalle by 62.2% during the first quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock valued at $36,000 after buying an additional 89 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at $39,000. Finally, Synovus Financial Corp grew its holdings in shares of Jones Lang LaSalle by 340.3% during the first quarter. Synovus Financial Corp now owns 273 shares of the financial services provider’s stock valued at $43,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 91.64% 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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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