Patriot Transportation Holdings (NASDAQ: PATR) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday.
Separately, analysts at Sidoti initiated coverage on shares of Patriot Transportation Holdings in a research note to investors on Friday, January 6th. They set a “neutral” rating on the stock.
Patriot Transportation Holding, Inc., and its subsidiaries are engaged in the transportation and real estate businesses. The Company has two business segments: transportation and real estate. The Company’s transportation business is conducted through Florida Rock & Tank Lines, Inc. (Tank Lines), which operates in the Southeastern United States. It hauls petroleum and other bulk liquids and dry bulk commodities by tank trailers. The Company’s real estate activities are conducted through two wholly owned subsidiaries: Florida Rock Properties, Inc. (Properties) and FRP Development Corp. (Development). Properties owns mining properties and other properties held for investment or future development. Development owns, manages and develops commercial warehouse/office rental properties in the Baltimore-Washington-Northern Virginia area.
Patriot Transportation Holdings opened at 21.04 on Tuesday. Patriot Transportation Holdings has a 52-week low of $17.76 and a 52-week high of $32.33. The stock has a 50-day moving average of $21.53 and a 200-day moving average of $22.12. The company has a market cap of $195.3 million and a price-to-earnings ratio of 16.27.