Press coverage about Jones Lang LaSalle (NYSE:JLL) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Jones Lang LaSalle earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.657288456761 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Related Beal selling Ginkgo Bioworks’ South Boston HQ (bizjournals.com)
- Mayo Civic Center meeting on its future (kimt.com)
- Stock Highlights: Jones Lang LaSalle (NYSE: JLL) (tradingnewsnow.com)
- Real estate transparency improves globally (finance.yahoo.com)
- JLL surpasses carbon emission reduction targets (finance.yahoo.com)
A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Jones Lang LaSalle from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, March 6th. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, April 16th. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $169.00 to $193.00 and gave the stock an “overweight” rating in a report on Tuesday, March 27th. Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Tuesday, April 3rd. They set a “neutral” rating and a $176.00 price objective for the company. Finally, ValuEngine cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 29th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $167.63.
Shares of JLL stock opened at $162.06 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $7.50 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.45 and a beta of 1.67. Jones Lang LaSalle has a 1 year low of $115.71 and a 1 year high of $178.75.
Jones Lang LaSalle (NYSE:JLL) last issued 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 business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Jones Lang LaSalle had a return on equity of 13.67% and a net margin of 2.87%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. analysts predict 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 paid a $0.41 dividend. This is a boost from Jones Lang LaSalle’s previous quarterly dividend of $0.33. This represents a $1.64 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, May 17th. Jones Lang LaSalle’s payout ratio is 8.95%.
In other Jones Lang LaSalle news, CEO Greg O’brien sold 10,395 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $168.57, for a total transaction of $1,752,285.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Ohringer sold 245 shares of the company’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $171.49, for a total value of $42,015.05. Following the sale, the executive vice president now owns 11,167 shares of the company’s stock, valued at $1,915,028.83. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.
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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