Zacks Investment Research lowered shares of Jones Lang LaSalle (NYSE:JLL) from a buy rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Shares of Jones Lang LaSalle, better known as JLL have underperformed its industry in the past six months and the trend in 2019 earnings estimate revisions does not indicate favorable outlook for the company. The company has a diversified product & services range which is expected to help the company register balanced revenue growth across its operating markets. Moreover, spate of strategic investment activities, in a bid to capitalize on market consolidations, are anticipated to boost long-term profitability. However, unfavorable currency movements and interest-rate hikes may impede its performance. Also, stiff competition from international, regional and local players remains a concern.”

JLL has been the subject of several other research reports. ValuEngine lowered shares of Jones Lang LaSalle from a hold rating to a sell rating in a research report on Tuesday, November 13th. Barclays upped their price target on shares of Jones Lang LaSalle from $165.00 to $167.00 and gave the company an overweight rating in a research report on Friday, November 16th. Finally, Bank of America lowered shares of Jones Lang LaSalle from a buy rating to an underperform rating and set a $133.00 price target for the company. in a research report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Jones Lang LaSalle currently has an average rating of Hold and an average target price of $166.43.

NYSE JLL opened at $135.51 on Tuesday. Jones Lang LaSalle has a 52 week low of $119.79 and a 52 week high of $178.75. The stock has a market cap of $6.02 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.52. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.25.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $3.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.71. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle will post 10.99 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 16th were issued a $0.41 dividend. This represents a yield of 0.56%. The ex-dividend date of this dividend was Thursday, November 15th. Jones Lang LaSalle’s dividend payout ratio is 8.95%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Jones Lang LaSalle by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after acquiring an additional 432,487 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Jones Lang LaSalle by 6.6% during the 3rd quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock valued at $1,005,173,000 after acquiring an additional 432,487 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Jones Lang LaSalle by 12.8% during the 3rd quarter. Janus Henderson Group PLC now owns 992,580 shares of the financial services provider’s stock valued at $143,249,000 after acquiring an additional 112,487 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Jones Lang LaSalle by 3.2% during the 3rd quarter. Clearbridge Investments LLC now owns 889,876 shares of the financial services provider’s stock valued at $128,427,000 after acquiring an additional 27,957 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Jones Lang LaSalle by 10.7% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 745,594 shares of the financial services provider’s stock valued at $107,604,000 after acquiring an additional 72,051 shares during the last quarter. 93.68% of the stock is owned by 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, 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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