Analysts’ forecast returns, recommendations and yields for all stocks in the S&P/TSX Composite Index
In April, the S&P/TSX Composite Index rebounded 3.7%, nearly recovering March's losses, with health care and financials leading gains while communication services and materials declined. Year-to-date, the index is up 7.1%, driven by strong performances in energy and utilities, with double-digit returns. Analysts have revised target prices upward for several energy and industrial stocks, reflecting improved earnings expectations despite potential distortions in average target prices.
- ▪The S&P/TSX Composite Index rose 3.7% in April after a 4.6% drop in March.
- ▪Health care (13%) and financials (10.1%) were top-performing sectors in April.
- ▪Energy has the highest year-to-date return at 31.5%, followed by utilities at 10.3%.
- ▪BlackBerry Ltd. was the top performer in April, rising 63%.
- ▪Earnings growth of 24.9% is expected over the next 12 months, up from 16.1% last month.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountIn April, the S&P/TSX Composite Index staged an impressive rally, rebounding 3.7 per cent and nearly recovering the 4.6 per cent drawdown in March. There were eight sectors that closed out the month with positive price returns. Sector leaders were health care, financials, industrials, consumer discretionary and technology with gains of 13 per cent, 10.1 per cent, 6.3 per cent, 6.1 per cent and 5.4 per cent, respectively. Sectors laggards included communication services, materials, and consumer staples with losses of 6.6 per cent, 5.3 per cent and 0.9 per cent, respectively. Year-to-date, the TSX Index is up a respectable 7.1 per cent with positive price returns in eight of the 11 sectors.
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