Jones Lang LaSalle Inc. (NYSE:JLL) – Equities research analysts at William Blair decreased their FY2016 earnings per share (EPS) estimates for Jones Lang LaSalle in a note issued to investors on Sunday. William Blair analyst B. Dobell now anticipates that the brokerage will post earnings of $8.92 per share for the year, down from their previous forecast of $9.13. William Blair also issued estimates for Jones Lang LaSalle’s Q4 2016 earnings at $4.25 EPS and FY2017 earnings at $9.52 EPS.
A number of other equities analysts have also weighed in on JLL. Zacks Investment Research lowered shares of Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Barclays PLC decreased their price target on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday, August 18th. TheStreet upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. Finally, Wedbush started coverage on shares of Jones Lang LaSalle in a report on Wednesday, October 5th. They issued a “neutral” rating and a $126.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $145.33.
Shares of Jones Lang LaSalle (NYSE:JLL) opened at 100.98 on Tuesday. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 11.18 and a beta of 1.85. Jones Lang LaSalle has a 12 month low of $90.07 and a 12 month high of $171.63. The firm has a 50-day moving average price of $113.89 and a 200-day moving average price of $113.05.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.47 billion. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS.
A number of large investors have recently added to or reduced their stakes in JLL. Glenmede Trust Co. NA increased its stake in Jones Lang LaSalle by 8.9% in the first quarter. Glenmede Trust Co. NA now owns 4,687 shares of the company’s stock valued at $548,000 after buying an additional 382 shares during the period. Commonwealth Equity Services Inc increased its stake in Jones Lang LaSalle by 5.5% in the first quarter. Commonwealth Equity Services Inc now owns 2,889 shares of the company’s stock valued at $339,000 after buying an additional 150 shares during the period. Ngam Advisors L.P. purchased a new stake in Jones Lang LaSalle during the first quarter valued at about $1,562,000. Franklin Resources Inc. purchased a new stake in Jones Lang LaSalle during the first quarter valued at about $434,000. Finally, BlackRock Inc. increased its stake in Jones Lang LaSalle by 13.5% in the first quarter. BlackRock Inc. now owns 151,468 shares of the company’s stock valued at $17,770,000 after buying an additional 18,050 shares during the period. 88.39% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the transaction, the director now owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is currently owned by insiders.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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