News coverage about Jones Lang LaSalle (NYSE:JLL) has trended positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Jones Lang LaSalle earned a media sentiment score of 2.50 on their scale. InfoTrie also assigned headlines about the financial services provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Jones Lang LaSalle’s score:
Shares of NYSE:JLL traded up $0.03 during mid-day trading on Friday, reaching $171.11. 4,599 shares of the company traded hands, compared to its average volume of 243,345. The company’s 50 day moving average price is $170.88 and its 200-day moving average price is $149.92. The firm has a market cap of $8.69 billion, a PE ratio of 13.97 and a beta of 1.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.05 and a quick ratio of 2.05. Jones Lang LaSalle has a 52 week low of $124.01 and a 52 week high of $175.99.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.79. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.45 billion. Jones Lang LaSalle had a return on equity of 15.64% and a net margin of 2.64%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.02 EPS. On average, research analysts predict that Jones Lang LaSalle will post 13.18 earnings per share for the current fiscal year.
Jones Lang LaSalle declared that its Board of Directors has initiated a share buyback plan on Tuesday, November 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
JLL has been the subject of a number of recent research reports. Bank of America downgraded Jones Lang LaSalle from a “buy” rating to an “underperform” rating in a research note on Friday, January 3rd. Barclays set a $179.00 price target on Jones Lang LaSalle and gave the company a “buy” rating in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $178.15.
In related news, CEO Jeff A. Jacobson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $169.35, for a total value of $1,693,500.00. Following the transaction, the chief executive officer now directly owns 7,124 shares of the company’s stock, valued at approximately $1,206,449.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% 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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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