Jones Lang LaSalle (JLL) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Jones Lang LaSalle (NYSE:JLL) from a sell rating to a hold rating in a report issued on Thursday.

According to Zacks, “Shares of Jones Lang LaSalle, better known as JLL, have outperformed the industry it belongs to in the past year. Moreover, the trend in third-quarter 2018 earnings estimate revisions indicates a favorable outlook for JLL. Recently the company partnered with Clarizen to launch a cloud-based global project management technology platform. This will support the company’s traditional commercial real estate project management. Notably, the diversified product & services range of the company is expected to enable it to register balanced revenue growth across its operating markets. Also, spate of strategic investment activities, in a bid to capitalize on market consolidations, are anticipated to drive long-term profitability. However, unfavorable currency movements and interest-rate hikes may impede the company’s performance. Further, stiff competition from international, regional and local players remains a concern.”

Separately, ValuEngine downgraded shares of Jones Lang LaSalle from a buy rating to a hold rating in a research report on Wednesday, August 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $179.17.

NYSE JLL opened at $137.01 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.92 and a quick ratio of 1.92. Jones Lang LaSalle has a 1-year low of $125.02 and a 1-year high of $178.75. The company has a market capitalization of $6.57 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $2.17 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that Jones Lang LaSalle will post 10.26 earnings per share for the current year.

In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $154.94, for a total transaction of $30,988.00. Following the completion of the transaction, the chief executive officer now directly owns 1,341 shares in the company, valued at $207,774.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $183,000. IFM Investors Pty Ltd acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $206,000. Eqis Capital Management Inc. acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $207,000. Manning & Napier Group LLC acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $215,000. Finally, Qube Research & Technologies Ltd acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $244,000. Institutional investors and hedge funds own 93.54% 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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