Keefe, Bruyette & Woods Cuts Jones Lang LaSalle (NYSE:JLL) Price Target to $280.00

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

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 11th. Raymond James lifted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. UBS Group cut their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $315.83.

Jones Lang LaSalle Trading Up 0.0 %

Shares of JLL opened at $210.71 on Thursday. The stock’s 50-day moving average price is $247.53 and its 200 day moving average price is $259.76. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.66 and a beta of 1.22. Jones Lang LaSalle has a 12-month low of $175.12 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.23 earnings per share. As a group, research analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Large investors have recently made changes to their positions in the company. Western Pacific Wealth Management LP bought a new stake in Jones Lang LaSalle during the 1st quarter worth about $41,000. Adero Partners LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter worth approximately $202,000. Sowell Financial Services LLC bought a new position in Jones Lang LaSalle in the first quarter valued at approximately $419,000. Janney Montgomery Scott LLC grew its holdings in Jones Lang LaSalle by 34.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider’s stock worth $2,176,000 after acquiring an additional 2,252 shares during the period. Finally, Fairvoy Private Wealth LLC raised its position in shares of Jones Lang LaSalle by 18.4% during the 1st quarter. Fairvoy Private Wealth LLC now owns 3,353 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 521 shares during the last quarter. Institutional investors and hedge funds 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.