Media headlines about Jones Lang LaSalle (NYSE:JLL) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Jones Lang LaSalle earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.4396215538858 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several brokerages have recently commented on JLL. ValuEngine cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 29th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a research report on Wednesday, May 9th. Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Tuesday, April 3rd. They issued a “neutral” rating and a $176.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $169.00 to $193.00 and gave the company an “overweight” rating in a research report on Tuesday, March 27th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $167.63.
Get Jones Lang LaSalle alerts:Shares of Jones Lang LaSalle traded up $0.66, hitting $164.76, during midday trading on Thursday, Marketbeat Ratings reports. 2,254 shares of the company traded hands, compared to its average volume of 329,586. The firm has a market capitalization of $7.47 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.68. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.29. Jones Lang LaSalle has a 12 month low of $115.71 and a 12 month high of $178.75.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, May 8th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.37. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.73 billion. Jones Lang LaSalle had a net margin of 2.87% and a return on equity of 13.67%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. research analysts anticipate that Jones Lang LaSalle will post 10.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, May 18th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, May 17th. This is a positive change from Jones Lang LaSalle’s previous quarterly dividend of $0.33. This represents a $1.64 annualized dividend and a dividend yield of 1.00%. Jones Lang LaSalle’s payout ratio is 8.95%.
In related news, EVP Mark Ohringer sold 245 shares of Jones Lang LaSalle stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $171.49, for a total transaction of $42,015.05. Following the sale, the executive vice president now directly owns 11,167 shares of the company’s stock, valued at approximately $1,915,028.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Greg O’brien sold 10,395 shares of Jones Lang LaSalle stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $168.57, for a total transaction of $1,752,285.15. The disclosure for this sale can be found here. Insiders own 0.63% 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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