Jones Lang LaSalle (JLL) Lowered to Sell at ValuEngine

Jones Lang LaSalle (NYSE:JLL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Separately, Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $173.33.

JLL stock traded down $1.67 during mid-day trading on Tuesday, reaching $137.03. The company had a trading volume of 330,200 shares, compared to its average volume of 333,278. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $6.38 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.18 and a beta of 1.56. Jones Lang LaSalle has a fifty-two week low of $127.02 and a fifty-two week high of $178.75.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.71. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.12 billion. Jones Lang LaSalle had a return on equity of 14.87% and a net margin of 2.59%. Jones Lang LaSalle’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. On average, analysts expect that Jones Lang LaSalle will post 10.81 EPS for the current year.

In other news, CEO Guy Grainger sold 200 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $154.94, for a total value of $30,988.00. Following the transaction, the chief executive officer now owns 1,341 shares in the company, valued at approximately $207,774.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vident Investment Advisory LLC increased its holdings in shares of Jones Lang LaSalle by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 23,099 shares of the financial services provider’s stock valued at $3,834,000 after acquiring an additional 343 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Jones Lang LaSalle by 2.4% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 16,286 shares of the financial services provider’s stock valued at $2,704,000 after acquiring an additional 385 shares during the last quarter. Chicago Equity Partners LLC increased its holdings in shares of Jones Lang LaSalle by 4.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 9,040 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 395 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Jones Lang LaSalle by 14.9% in the 3rd quarter. Virtu Financial LLC now owns 3,082 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 399 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Jones Lang LaSalle by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the financial services provider’s stock valued at $2,042,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 93.61% 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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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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