Jones Lang LaSalle (NYSE:JLL) Coverage Initiated by Analysts at Compass Point

Compass Point initiated coverage on shares of Jones Lang LaSalle (NYSE:JLL) in a research note released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $180.00 target price on the financial services provider’s stock.

Several other brokerages have also recently weighed in on JLL. Zacks Investment Research cut shares of Hess Midstream Partners from a hold rating to a sell rating in a research note on Tuesday, May 14th. Keefe, Bruyette & Woods cut shares of Jones Lang LaSalle from an outperform rating to a market perform rating in a research note on Wednesday, April 17th. Goldman Sachs Group set a €63.00 ($73.26) price objective on shares of Lanxess and gave the stock a buy rating in a research note on Friday, May 10th. Barclays set a €45.00 ($52.33) price objective on shares of Zalando and gave the stock a buy rating in a research note on Tuesday, April 16th. Finally, ValuEngine cut shares of Valero Energy from a hold rating to a sell rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Jones Lang LaSalle presently has an average rating of Hold and a consensus price target of $178.14.

NYSE:JLL traded up $2.44 during mid-day trading on Wednesday, hitting $139.56. The company’s stock had a trading volume of 249,680 shares, compared to its average volume of 348,037. Jones Lang LaSalle has a fifty-two week low of $119.79 and a fifty-two week high of $174.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $6.30 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.74. The company has a fifty day simple moving average of $134.63.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.20. Jones Lang LaSalle had a net margin of 2.81% and a return on equity of 15.36%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that Jones Lang LaSalle will post 11.64 EPS for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 17th were paid a dividend of $0.43 per share. This represents a yield of 0.61%. This is a boost from Jones Lang LaSalle’s previous semiannual dividend of $0.41. The ex-dividend date was Thursday, May 16th. Jones Lang LaSalle’s dividend payout ratio is currently 7.02%.

A number of institutional investors have recently modified their holdings of JLL. State of Alaska Department of Revenue grew its stake in shares of Jones Lang LaSalle by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 4,891 shares of the financial services provider’s stock valued at $754,000 after purchasing an additional 75 shares during the last quarter. First Republic Investment Management Inc. grew its stake in shares of Jones Lang LaSalle by 4.5% during the first quarter. First Republic Investment Management Inc. now owns 1,978 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 85 shares during the last quarter. Parallel Advisors LLC grew its stake 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 purchasing an additional 89 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of Jones Lang LaSalle by 4.3% during the first quarter. Magnus Financial Group LLC now owns 2,203 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 91 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Jones Lang LaSalle by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the financial services provider’s stock valued at $1,881,000 after purchasing an additional 100 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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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