NEW YORK (
-- Patriot Transportation Holdings
) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.
Patriot Transportation Holding, Inc., together with its subsidiaries, engages in the transportation and real estate businesses primarily in the United States. Its Transportation segment hauls petroleum, bulk liquids, and dry bulk commodities by tank trailers. The company has a P/E ratio of 11.3, below the average transportation industry P/E ratio of 19.3 and below the S&P 500 P/E ratio of 21.8. Patriot Transportation has a market cap of $236.8 million and is part of the
industry. Shares are down 19.1% year to date as of the close of trading on Monday.
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