Jones Lang LaSalle (JLL) Upgraded at Goldman Sachs Group

Jones Lang LaSalle (NYSE:JLL) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Friday, The Fly reports.

Several other equities analysts also recently weighed in on the company. ValuEngine downgraded Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods downgraded Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 17th. Barclays reaffirmed a “buy” rating and issued a $181.00 price objective on shares of Jones Lang LaSalle in a research report on Tuesday, April 16th. JMP Securities reaffirmed a “hold” rating on shares of Jones Lang LaSalle in a research report on Sunday, February 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Jones Lang LaSalle currently has an average rating of “Hold” and an average price target of $172.20.

NYSE JLL opened at $136.41 on Friday. The company has a market cap of $6.53 billion, a PE ratio of 11.14, a P/E/G ratio of 1.46 and a beta of 1.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.65 and a current ratio of 1.65. Jones Lang LaSalle has a fifty-two week low of $119.79 and a fifty-two week high of $174.76.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.20. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. Jones Lang LaSalle had a return on equity of 15.80% and a net margin of 2.97%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. On average, equities analysts expect that Jones Lang LaSalle will post 11.57 earnings per share for the current year.

Several hedge funds have recently modified their holdings of JLL. JOYN Advisors Inc. lifted its holdings in shares of Jones Lang LaSalle by 1,328.6% in the 4th quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock worth $25,000 after buying an additional 186 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $35,000. Parallel Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 62.2% in the 1st quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock worth $36,000 after buying an additional 89 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $39,000. Finally, Synovus Financial Corp lifted its holdings in shares of Jones Lang LaSalle by 340.3% in the 1st quarter. Synovus Financial Corp now owns 273 shares of the financial services provider’s stock worth $43,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 91.89% of the company’s stock.

About Jones Lang LaSalle

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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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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