UBS Group Issues Pessimistic Forecast for Jones Lang LaSalle (NYSE:JLL) Stock Price

Jones Lang LaSalle (NYSE:JLL) had its target price reduced by UBS Group from $340.00 to $305.00 in a research note issued to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the financial services provider’s stock.

A number of other research firms also recently commented on JLL. JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday. Raymond James boosted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $323.33.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $210.83 on Friday. The stock has a 50-day simple moving average of $254.37 and a 200-day simple moving average of $261.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle has a 1 year low of $171.45 and a 1 year high of $288.50. The stock has a market capitalization of $9.99 billion, a PE ratio of 18.67 and a beta of 1.22.

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

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its position in Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after buying an additional 10,186 shares during the last quarter. Boston Trust Walden Corp lifted its position in Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after purchasing an additional 5,663 shares during the period. Principal Securities Inc. increased its position in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $413,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $7,099,000. 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.