2. As of noon trading, Starbucks Corporation ( SBUX) is up $0.36 (0.62) to $58.77 on light volume Thus far, 1.3 million shares of Starbucks Corporation exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $57.98-$58.84 after having opened the day at $58.42 as compared to the previous trading day's close of $58.40. Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. Starbucks Corporation has a market cap of $43.2 billion and is part of the leisure industry. The company has a P/E ratio of 31.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Friday. TheStreet Ratings rates Starbucks Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Starbucks Corporation Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.