Zacks Investment Research downgrades Jones Lang LaSalle (NYSE:JLL) to Hold

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Jones Lang LaSalle (NYSE:JLL – Get Note) was downgraded by Zacks Investment Research from a “strong buy” rating to a “hold” rating in a report on Monday, Zacks.com reports. They currently have a price target of $230.00 on shares of the financial services provider. Zacks Investment Research’s price target would suggest a potential upside of 6.75% from the stock’s previous close.

According to Zacks, “Shares of Jones Lang LaSalle, better known as JLL, have outperformed the industry over the past year. Strength in the leasing and capital markets as well as increases in the valuation of its Strategic technology investments should continue to support the company’s financials, and its wide range of products and services and a series of strategic investment activities to take advantage of market consolidations bode well for long-term growth. -superior operating form and expanding its market share is expected to help achieve strong growth and generate decent cash flow.However, stiff competition from major regional and local industry players is a major concern. , the rise in geopolitical tensions has us concerned.The recent trend of revised earnings estimates for 2022 indicates a negative outlook. the for the company, with estimates moving south.

A number of other research analysts have also recently released reports on the stock. William Blair reiterated an “outperforming” rating on Jones Lang LaSalle shares in a Monday, February 28, research note. Goldman Sachs Group issued a hedge on Jones Lang LaSalle shares in a Tuesday, April 5, research note. They set a “sell” rating and a target price of $217.00 on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a “strong buy” rating to a “buy” rating in a Friday, April 8 research rating. Raymond James lowered his price target on shares of Jones Lang LaSalle from $329.00 to $295.00 and set an “outperform” rating on the stock in a Tuesday, April 26 research note. Finally, Wolfe Research cut its price target on Jones Lang LaSalle shares from $461.00 to $335.00 and set an “outperform” rating on the stock in a Thursday, March 10 research note. One equity research analyst has assigned the stock a sell rating, one has assigned a hold rating and five has assigned the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $259.20.

NYSE:JLL traded at $3.28 midday on Monday, hitting $215.45. The stock had a trading volume of 6,089 shares, compared to an average trading volume of 296,194. The stock has a 50-day simple moving average of $230.12 and a two-hundred-day simple moving average of 247.00 $. The stock has a market capitalization of $10.75 billion, a PE ratio of 11.66, a P/E/G ratio of 1.27 and a beta of 1.28. The company has a debt ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.70. Jones Lang LaSalle has a 12-month low of $184.21 and a 12-month high of $275.77.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last reported quarterly earnings data on Monday, February 28. The financial services provider reported earnings per share (EPS) of $8.66 for the quarter, beating consensus analyst estimates of $6.68 from $1.98. The company posted revenue of $3.60 billion for the quarter, versus $3.44 billion expected by analysts. Jones Lang LaSalle had a net margin of 4.97% and a return on equity of 16.91%. The company’s quarterly revenue increased by 31.2% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $5.29. Equity analysts expect Jones Lang LaSalle to post EPS of 19.11 for the current year.

Several large investors have recently changed their holdings in JLL. Amundi Pioneer Asset Management Inc. increased its stake in Jones Lang LaSalle shares by 4.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 23,116 shares of the financial services provider worth $3,564,000 after purchasing an additional 914 shares during the period. Morgan Stanley increased its holdings of Jones Lang LaSalle shares by 32.9% during the second quarter. Morgan Stanley now owns 140,627 shares of the financial services provider worth $27,486,000 after purchasing an additional 34,813 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings of Jones Lang LaSalle shares by 8.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,213 shares of the financial services provider worth $301,000 after buying 98 additional shares during the period. Raymond James Financial Services Advisors Inc. increased its holding in shares of Jones Lang LaSalle by 262.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,715 shares of the financial services provider worth $1,418,000 after purchasing an additional 4,140 shares during the period. Finally, Deutsche Bank AG increased its stake in Jones Lang LaSalle shares by 0.5% during the third quarter. Deutsche Bank AG now owns 100,062 shares of the financial services provider worth $24,824,000 after purchasing an additional 482 shares during the period. Institutional investors hold 95.21% of the company’s shares.

About Jones Lang LaSalle (Get an assessment)

Jones Lang LaSalle Incorporated, a professional services firm, provides real estate and investment management services in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, mergers and acquisitions, corporate advisory, and equity sales and advisory services. investment.

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